Updated Dec 4, 2024
Eastham Capital & Bender Companies Sell Fairmount Meadows Apartments In Milwaukee For $12.75M
5010 North 91st Street
$12,750,000
Units
128
Asset Type
MultiFamily
Closing
Nov 6, 2023
About this deal
AI
Eastham Capital and its partner, Bender Companies, have successfully sold the Fairmount Meadows Apartments in Milwaukee, Wisconsin, for $12.75 million. The multifamily property is located at 5010 North 91st Street and consists of 128 units. The sale price equates to approximately $99,609 per unit.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $12,750,000
- Address: 5010 North 91st Street
- Market: Milwaukee, WI
Seller: Matt Rosenthal - Eastham Capital & Kurt Bender - Bender Companies
Matt Rosenthal from Eastham Capital and Kurt Bender from Bender Companies represented the sellers in this transaction.
On the Map
$12,750,000
MultiFamily
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Players
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
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93