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  • Alden Pacific Investments

API Completes the Sale of a 7-unit Apartment Building in Poly

Updated: Oct 6, 2021

Alden Pacific Investments recently closed on a 6-Unit building in Poly. This 80’s construction property sold at a purchase price of $1,565,000, trading at a CAP rate of 4.7% and GRM of 13.56. The building offers a unit mix of (2) 2 Bd/ 2 Ba, (2) 1 Bd/ 1 Ba, and (3) 0 Bd/ 1 Ba units. Managing broker John Alden represented the buyer in this transaction.

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