Marcus & Millichap Sells 23-Unit Whitney School Lofts Apartments In Green Bay For $4.8M
215 North Webster Avenue
$4,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 16, 2026
AI
The property asset involved in the transaction is the Whitney School Lofts Apartments, a 23-unit multifamily property located at 215 North Webster Avenue in Green Bay, Wisconsin. The sale was completed on July 16, 2026, for a total price of $4,800,000, which equates to approximately $208,696 per unit.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,800,000
- Units: 23
- Price Per Unit: $208,696
- Broker: Patrick Suffield - Marcus & Millichap
- Market: Green Bay, WI
Patrick Suffield from Marcus & Millichap represented the seller in this transaction, facilitating the sale that achieved a record price per unit for a multifamily property in the Green Bay market.
Green Bay 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93