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Cedar Grove Capital Acquires 160-Unit Multifamily In Conover, NC For $20.4M

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This MultiFamily property located in NC was sold for $20,360,613 over 1 year ago. The brokers of the deal were Jonathan Brody and Adi Ifergan

A multifamily property located at 1011 County Home Road in Conover, NC has been sold for a total price of $20,360,613. The property consists of 160 units, which translates to a price per unit (PPU) of $127,254.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $20,360,613
  • Units: 160
  • Price Per Unit (PPU): $127,254

The buyer of this property is Cedar Grove Capital, while the seller is Richie Wolf. The deal was facilitated by brokers Jonathan Brody and Adi Ifergan from Rosewood Realty Group.

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Deals
  • Location
    1011 County Home Road1011 County Home Road
  • Sale Price
    $20,360,613$20,360,613
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Adi Ifergan

Adi Ifergan

Deals2
Sold$34.9M

Agencies

Base Realty Group

Base Realty Group

Agency
Deals28
Volume$1.1B

Rosewood Realty Group

Rosewood Realty Group

Agency
Deals370
Volume$6.5B

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Deal Summary

SALE IMAGE: Jonathan Brody & Adi Ifergan DATE: 10/31/2022 ADDRESS: 1011 County Home Road MARKET: Conover, NC ASSET TYPE: Multifamily BUYER: Cedar Grove Capital SELLER: Richie Wolf BROKERS: Jonathan Brody & Adi Ifergan - Rosewood Realty Group SALE PRICE: $20,360,613 UNITS: 160 ~ PPU: $127,254

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