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Marcus & Millichap Brokers $6.4M Sale Of Gallatin Apartments In Wauwatosa

Property Image
SOLD
$6,400,000
Matthew Whiteside
Mark Peltin
Blake Hanlon

Wisconsin

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MultiFamily
Sold 03/25/2024
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Property Image
SOLD

Marcus & Millichap Brokers $6.4M Sale Of Gallatin Apartments In Wauwatosa

2515 North Wauwatosa Avenue

See Similar Deals
MultiFamily
Sold 03/25/2024
Matthew Whiteside
Mark Peltin
Blake Hanlon
the dealplayerscompscontact
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Summary

WISCONSIN
Asset Type:MultiFamily
Transaction Type:Sale

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

Matthew Whiteside
Marcus & Millichap
Matthew Whiteside
1 deal$6.4M volume(262) 364-1930
BROKER
Mark Peltin
Marcus & Millichap
Mark Peltin
6 deals$24.2M volume(262) 364-1929
BROKER
Blake Hanlon
Marcus & Millichap
Blake Hanlon
6 deals$24.2M volume(262) 364-1918
BROKER

Details

SOLD
IMAGE: 03/25/2024 ADDRESS: 2515 North Wauwatosa Avenue MARKET: Wauwatosa, WI ASSET TYPE: Multifamily BROKERS: Blake Hanlon, Mark Peltin & Matthew Whiteside - Marcus & Millichap SALE PRICE: $6,400,000 UNITS: 27 ~ PPU: $237,037 NOTE: Marcus & Millichap brokered the $6.4 million sale of Gallatin Apartments, a 27-unit complex in Wauwatosa near Milwaukee. The property, constructed in 2020 at 2515 N. Wauwatosa Ave, boasts amenities like a fitness center, underground parking, and a rooftop deck. Matthew Whiteside, Mark Peltin, and Blake Hanlon of Marcus & Millichap handled the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$341,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18