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
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