Eli Adahan Of 1312 BW LLC Sells Multifamily Building At 1312 East Broad Street For $1.025M
1312 East Broad Street
$1,025,000
$11/SF
Building Size
87,771 SF
Asset Type
MultiFamily
Closing
Apr 30, 2025
AI
The historic Broadwin building at 1312 E. Broad St. in Columbus, OH, is a multifamily asset that sold for $1,025,000. The property spans 87,771 square feet and consists of 8 stories. It had been vacant since plans for a $17.6 million apartment conversion were abandoned and was brought to market by Robert Weiler Co.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Square Footage: 87,771
- Address: 1312 East Broad Street
- Market: Columbus, OH
- Seller: Eli Adahan - 1312 BW LLC
- Broker: Alex Marsh - Robert Weiler Co.
- Price per Square Foot: $12
The property was sold at auction on 04/30/2025 after opening bids commenced at $325,000 on TenX, illustrating a competitive bidding environment before the final sale. Eli Adahan represented the seller through his company, 1312 BW LLC, with Alex Marsh from Robert Weiler Co. handling the marketing and auction process.
Players
Columbus MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93