Affiliate Of New York Life Insurance Co Acquires Multifamily Property In Durham For $55.7M

An affiliate of New York Life Insurance Co has purchased a multifamily property located at 110 North Corcoran Street in Durham, NC. The property consists of 109 units and was sold for a total price of $55,700,000, resulting in a per unit price of $511,009.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $55,700,000
• Address: 110 North Corcoran Street, Durham, NC
• Market: Durham, NC
• Buyer: Affiliate of New York Life Insurance Co
• Broker: Northmarq
• Units: 109
• Price Per Unit: $511,009

The buyer in this transaction is represented by Northmarq, a brokerage firm.