GreenLight Equity Group Acquires Multifamily Property In Oklahoma City For $9.6M

Located at 724 SE 59th St. & 6050 South Harvey Ave. in Oklahoma City, OK, the recently sold multifamily property stands out in the market. The transaction took place on October 14, 2021, with a sale price of $9,600,000. The property encompasses 192 units, resulting in a per unit price of $50,000. With a total area of 128,415 square feet, the price per square foot amounts to $74.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,600,000
• Units: 192
• Price per Unit: $50,000
• Total Square Footage: 128,415
• Price per Square Foot: $74

A notable buyer in this deal was GreenLight Equity Group. The seller, on the other hand, was Jonathan Millfield. The involvement of two preferred equity providers is worth mentioning. David P. Zar and Shawn Hakimian represented North Point Capital Group, while James Malone and Keith Broemmer were associated with Assured Realty Capital Inc.