Mendel Jacobson And Yosef Ajami Acquire Multifamily Asset In Nashville For $8.125M

The property asset located at 525 North Dupont Avenue in Nashville, TN is a multifamily building consisting of 49 units and a total square footage of 61,314. The transaction was completed at a sale price of $8,125,000, resulting in a price per unit of $165,816 and a price per square foot of $132.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,125,000
• Address: 525 North Dupont Avenue
• Market: Nashville, TN
• Units: 49
• Square Footage: 61,314
• Price Per Unit: $165,816
• Price Per Square Foot: $132
• Buyer: Mendel Jacobson & Yosef Ajami - Hands-Off Properties LLC
• Seller: Glenn Harris & Judith Harris
• Broker: Drew Lekowski - MRG Realty Partners

The deal involved Mendel Jacobson and Yosef Ajami representing the buyers under Hands-Off Properties LLC, while the sellers, Glenn Harris and Judith Harris, were represented by broker Drew Lekowski of MRG Realty Partners. The multifamily property transaction reflects an active investment atmosphere in the Nashville market.