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640 21st Avenue North, Nash...

HHHunt Acquires Multifamily Property In Nashville For $86.6M
SOLDMultiFamily

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

Vincent Lefler

Newmark

Broker

$376.9M

vol

6 deals

Broker
HHHunt Corporation
HHHunt CorporationBuyer

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