Updated Oct 28, 2024
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
About this deal
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.
On the Map
$86,600,000
MultiFamily
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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