Updated Dec 21, 2023
Aline Capital Brokers $28.1M Sale Of 160-unit Multifamily Property In Charleston
2410 Alston Avenue, Charleston, South Carolina 29406, United States
$28,100,000
Units
160
Asset Type
MultiFamily
Closing
Sep 5, 2022
About this deal
AI
The multifamily property at 2410 Alston Ave in Charleston, SC has been sold in a recent transaction. The property spans across approximately 8.7 acres and consists of 160 units. The sale was facilitated by brokers Johnathan Kessler and John Drummond from Aline Capital. The property was sold for a total price of $28,100,000, resulting in a per unit price of $176,625.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $28,100,000
- Units: 160
- Price Per Unit: $176,625
- Address: 2410 Alston Ave, Charleston, SC
- Market: Charleston, SC
- Brokers: Johnathan Kessler & John Drummond - Aline Capital
The successful sale of the property was attributed to the expertise and efforts of brokers Johnathan Kessler and John Drummond from Aline Capital. Their knowledge and strategic negotiation skills played a vital role in the transaction, ensuring a favorable outcome for all parties involved.
Players
North Charleston 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93