Norfolk apartment complex sells for $17M
Brittany Place includes 148 two-bedroom units
The Brittany Place apartment complex in Norfolk has sold for $17 million, New York City-based commercial real estate company Berkadia Commercial Mortgage LLC announced late last week.
Located at 6143 Edward Street, the complex includes 148 two-bedroom units. The Affordable Housing Corp. sold the property to 6143 Edward Street LLC in a transaction that closed on June 11.
The complex was built in 1985 and is located less than 3 miles from Interstate 64 and Norfolk International Airport.
Berkadia Senior Directors Alan Meetze and David Hudgins of the company’s Newport News office represented the seller in the transaction.
“Despite the challenges in recent times, we were able to complete the sale as scheduled,” Meetze said in a statement. “Brittany Place has been a very stable asset and the buyer stands to gain upside through interior upgrades as well as amenity enhancements.”