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Top News In Madison Flats Today - Breaking & Trending Today

Dilapidated Riverview warehouse to get new life with apartments, restaurant, shops

A planned transformation of the long-empty Des Moines Cold Storage warehouse has won state brownfield tax credits ....

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Clinic where Beaverdale, Waveland, Merle Hay converge to be torn down

A neglected and long vacant former clinic has been sold and will be transformed into new housing and commercial ventures over the next two years. ....

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Madison rental residential complex sells for $15.3M

Knoxville company pays $136.6K per unit for Orchard Park Apartments ....

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N.J. company pays $22.82M for Madison apartments

Concordia’s purchase of Falcon View is equivalent of $140K per unit ....

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Madison apartment complex sells for $16M

Located at
135 Brink Haven Ave., Madison Flats opened in 1959 and offers 154 units in multiple two-story buildings.
The new owner is 135 Brink Haven LLC, which is affiliated with New York-based JEM Holdings LLC.
The seller was Nashville-based Covenant Capital Group, which paid about $8.18 million in January 2018, according to Metro records. Covenant gave the property a major upgrade after the purchase, according to the Madison Flats website.
Covenant is known for acquiring apartment buildings, upgrading them and then selling. For example, in mid-2017 the company finalized a $27.3 million sale of 500 5th Avenue, a 170-unit modernist midrise apartment building located in downtown Nashville. Covenant gave that property a major overhaul prior to the sale (read more ....

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