Updated Dec 4, 2024
Marcus & Millichap Brokers $6.4M Sale Of Gallatin Apartments In Wauwatosa
2515 North Wauwatosa Avenue
$6,400,000
Units
27
Asset Type
MultiFamily
Closing
Mar 25, 2024
About this deal
AI
The Gallatin Apartments, a 27-unit multifamily complex located at 2515 North Wauwatosa Avenue in Wauwatosa, WI, was sold for $6,400,000. The property features amenities such as a fitness center, underground parking, and a rooftop deck.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,400,000
- Units: 27
- Price Per Unit: $237,037
- Address: 2515 North Wauwatosa Avenue
- Market: Wauwatosa, WI
Blake Hanlon, Mark Peltin, and Matthew Whiteside from Marcus & Millichap were the brokers who facilitated the sale of Gallatin Apartments. The complex was constructed in 2020 and is situated near Milwaukee, offering modern amenities to its residents.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93