Carrie Sieger Of JTACR Represents Buyer In $4,371,625 Multifamily Sale In Central Market

The transaction involves a multifamily asset located in the Central market, comprising a total of 72 units. The sale was completed for a price of $4,371,625, with a price per unit of $60,717. The total square footage of the property is 1,222,550, resulting in a price per square foot of $3.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $4,371,625
• Units: 72
• Price Per Unit: $60,717
• Total Square Footage: 1,222,550
• Price Per Square Foot: $3
• Buyer's Representative: Carrie Sieger - JTACR

The deal was sourced directly with the seller, who had a long-standing relationship with JTACR, the buyer's representative. The transaction involved individually parceled lots and dynamics of investor-owned homes, adding complexity to the deal, but ultimately, the buyer successfully closed this transaction.