Updated Oct 29, 2024
Mendel Jacobson & Yosef Ajami Acquire Nashville Multifamily For $4.3M
1274 Murfreesboro Pike Nashville, TN 37217, USA
$4,300,000
$168/SF
Building Size
25,540 SF
Asset Type
MultiFamily
Closing
Aug 23, 2023
About this deal
AI
A multifamily property located at 1274 Murfreesboro Pike in Nashville, TN has been sold for $4,300,000. The property consists of 33 units with an average price per unit of $130,303. The total square footage of the property is 25,540, resulting in a price per square foot of $168.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,300,000
- Address: 1274 Murfreesboro Pike, Nashville, TN
- Units: 33
- Price per Unit: $130,303
- Square Footage: 25,540
- Price per Square Foot: $168
The buyers of the property are Mendel Jacobson and Yosef Ajami, representing Hands-Off Properties. They played a key role in this transaction, acquiring the multifamily asset. This deal demonstrates their expertise and growing portfolio in the Nashville market.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Tennessee multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93