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1312 East Broad Street

Eli Adahan Of 1312 BW LLC Sells Multifamily Building At 1312 East Broad Street For $1.025M
SOLDMultiFamily

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

Alex Marsh

Broker

$1M

vol

1 deal

Broker

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