Steve Maygar Purchases 50-Unit Multifamily Asset From Bart Davis In Huntsville For $50M
2455 Montgomery Road
Building Size
50,000 SF
Asset Type
MultiFamily
Closing
Jun 24, 2026
AI
The transaction involves a multifamily property located at 2455 Montgomery Road in Huntsville. This asset comprises 50 units with a total square footage of 50,000. The transaction closed on June 25, 2026.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 2455 Montgomery Road
- Market: Huntsville
- Units: 50
- Square Footage: 50,000
- Buyer: Steve Maygar
- Seller: Bart Davis
- Seller's Representative: Ryan DeGennaro, Scott Lunine & Blake Baldocchi - Partners Real Estate
The key individuals involved in this transaction include the buyer, Steve Maygar, and the seller, Bart Davis. The seller's representation was provided by Ryan DeGennaro, Scott Lunine, and Blake Baldocchi, who are associated with Partners Real Estate.
Players
Market 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93