Northmarq’s Multifamily Investment Sales team completes $12.3M sale of Hyde Glen apartments in Charlotte

CHARLOTTE, N.C. — Northmarq’s Carolinas Multifamily Investment Sales team led by Ron Corrao, Matthew Weinstein, Eric Liebich, Scott Fuller, Dane Lozier, Dominic Bologna and James Dorsett successfully arranged the $12.3 million sale of Hyde Glen, a 65-unit garden apartment located at 11110 Hyde Pointe Ct in Charlotte, North Carolina.

Northmarq represented the seller, GAEA Real Estate. The buyer was a high net worth investor interested in expanding their portfolio in the Charlotte region.

“We are proud to have brokered the sale of Hyde Glen Apartments on behalf of GAEA Real Estate for $12.3 million,” Corrao said. “We were pleased to match the property with a strong buyer capable of assuming the in-place loan and deliver a successful outcome in Charlotte’s University City submarket.”

Built in 2020 and featuring two buildings on roughly 4.16 acres, Hyde Glen is located in the rapidly-growing University City submarket. It has direct access to Charlotte’s employment hubs, with more than 320,000 jobs within a 20-minute radius.

The community features two-bedroom units with an average of 1,080-sq.-ft. per unit. Features include stainless steel appliances, bathtub and shower combo, carpet in bedrooms, dark wood cabinetry, double-basin stainless steel sink, granite kitchen and bathroom countertops, patios and balconies, and wood-style vinyl flooring throughout.

Community amenities include a fitness center, community room, yoga studio, community playground and mail center.

Hyde Glen is located just off W Mallard Creek Church Rd. with quick access to Interstates 85 and 485. It is close to food, grocery and shopping options, and it is roughly 12 miles northeast of Uptown Charlotte.