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Gramercy Apartments LLC Sells Gramercy Park Townhomes

TC Gramercy Park LLC Acquires 78 Units in Memphis
November 15, 2017
Gramercy Apartments LLC sold the 78-unit Gramercy Park Townhomes at 2163 Nathaniel Circle in Memphis to Portland, OR-based TC Gramercy Park LLC for $3.55 million, or about $45,500 per unit.

Delivered in 1996, the townhome property includes one office, 47 one-bedroom units and 30 two-bedroom units for a total of 53,800 square feet, according to CoStar information. The property resides on 6.66 acres in the Bartlett multifamily submarket of Memphis.

Steve Woodyard of Woodyard Realty Corp. represented the seller, while Tommy Bronson of ARA Newmark represented the buyer.

Please see CoStar COMPs # 4036479 for additional information regarding this transaction.
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