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6840 Schroeder Road

Katz Properties And Bender Companies Acquire Multifamily Property In Madison For $178.1M
SOLDMultiFamily

Katz Properties And Bender Companies Acquire Multifamily Property In Madison For $178.1M

6840 Schroeder Road

$178,100,000

$179/SF

Building Size

993,135 SF

Asset Type

MultiFamily

Closing

Nov 30, 2022

AI

Katz Properties and Bender Companies have acquired a multifamily property located at 6840 Schroeder Road in Madison. The transaction, which closed on November 30, 2022, involved the sale of the property by Nate Brand.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $178,100,000
  • Units: 1,288
  • Price Per Unit: $138,276
  • Square Footage: 993,135
  • Price Per Square Foot: $179
  • Market: Madison

The deal was facilitated by Alex Malzone and Parker Stewart of Northmarq acting as brokers for Katz Properties and Bender Companies. They represented the buyers in this transaction.

Players

Parker Stewart

NorthMarq

Broker

$611.9M

vol

12 deals

Broker

Madison 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

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93