–Leading investment sales firm represents the seller and procures the buyer for the multifamily property in Madison, Tennessee–
Shelton, CT (April 7, 2022) – Northeast Private Client Group® has announced today that the Metro North Investment Sales Team has arranged the sale of Falcon View Apartments, a 163-unit multifamily community located in Madison, Tennessee. The sale price was $22,820,000.
Brad Balletto represented the seller, a Connecticut-based real estate investor, and procured the buyer, Concordia Properties, based in Lakewood, New Jersey.
Falcon View Apartments, located at 201 E Palestine Avenue; consists of 45 one-bedroom units, 54 two-bedroom units, and 64 three-bedroom units. The property is 100% occupied. The units offer tenants large floor plans and unique features such as cathedral ceilings. The new owners plan to build on these features, improving unit interiors and property amenities to deliver a better experience for all residents.
The property is situated in the Madison neighborhood of Nashville, convenient to many retail and shopping amenities, and only a 15-minute drive from downtown Nashville. Nashville is one of the most rapidly growing cities in the country.
Northeast Private Client Group® specializes in mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1000 successful transactions have been completed totaling over $3 billion in value within local submarkets around the Northeast and Southeast regions of the United States.