HHHunt Acquires Multifamily Property In Nashville For $86.6M
640 21st Avenue North, Nashville, Tennessee 37208, United States
$86,600,000
Units
231
Asset Type
MultiFamily
Closing
Oct 24, 2022
AI
The multifamily property located at 640 21st Ave N in Nashville, TN has been sold in a transaction. The property consists of 231 units and was sold for a total price of $86,600,000, resulting in a price per unit (PPU) of $374,892.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $86,600,000
- Units: 231
- Price Per Unit (PPU): $374,892
- Buyer: HHHunt
- Seller: Wood Partner
- Brokers: Tarek El Gammal & Vincent Lefler - Newmark
The buyer of the property is HHHunt, while the seller is Wood Partner. The transaction was facilitated by brokers Tarek El Gammal and Vincent Lefler from Newmark.
Players
Nashville-Davidson 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93