Updated Sep 17, 2026
Jason Schneid Acquires Multifamily Property From National Church Residences For $8.5M In Charleston WV
715 Randolph Street
$8,500,000
$25/SF
Building Size
339,486 SF
Asset Type
Package Deal
Closing
Sep 2, 2026
About this deal
AI
This transaction involves a multifamily property located at 715 Randolph St., 23 Brooks St. & 872 Westminster Way in Charleston, WV. The property encompasses 312 units with a total square footage of 339,486, and was sold for $8,500,000, equating to approximately $25 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,500,000
- Units: 312
- SF: 339,486
- PPSF: $25
- Buyer: Jason Schneid
- Seller: National Church Residences
- Brokers: David Warren, George Lisa & Dan Shapiro - KSR
The deal was brokered off-market, reflecting the ongoing efforts to expand affordable housing transactions nationally. The brokers involved, David Warren, George Lisa & Dan Shapiro, emphasize the availability of similar opportunities for interested parties.
Players
Charleston Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93