Jonathan Brody Shlomo Mansbach Michael Schattner Of Base Realty Group Sell Multifamily Asset For $31.975M
SOLD
MultiFamily335,904 SF
Sold 08/20/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$95
Total Square Footage:335,904 SF
Transaction Type:Sale
This multifamily asset situated in Columbus & Canal Winchester, OH features 109 units and encompasses a total square footage of 96,600. The sale price for this property was $31,975,000, equating to a price per unit of $293,349 and a price per square foot of $331.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,975,000
- Units: 109
- Square Footage: 96,600
- Price Per Unit: $293,349
- Price Per Square Foot: $331
The deal was facilitated by brokers Jonathan Brody, Shlomo Mansbach, and Michael Schattner from Base Realty Group, highlighting the expertise involved in the transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,705,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$113,600.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,577.81
Annual Debt Service$1,818,933.75
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