Marcus & Millichap Brokers $6.4M Sale Of Gallatin Apartments In Wauwatosa
2515 North Wauwatosa Avenue
$6,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 25, 2024
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
Milwaukee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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