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2515 North Wauwatosa Avenue

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

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

Matthew Whiteside

Marcus & Millichap

Broker

$6.4M

vol

1 deal

Broker

Milwaukee 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

2.48%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93