Dattel Refinances Perkins High-Rises
Published on: December 22, 2010
Kate Simone, The Daily News Online & Chandler Reports
Dattel Family Limited Partnership has financed two high-rise apartment buildings totaling about 230 units at 475 and 505 S. Perkins Road for $7.8 million through Financial Federal Savings Bank.
The buildings, which include a 10-story tower and a 12-story tower, were built in the 1960s on the west side of South Perkins Road north of Poplar Avenue across from White Station High School, according to real estate information company Chandler Reports. The property also contains a swimming pool.
Samuel and Rosemarie Dattel quitclaimed the property to Dattel Family LP in July 2001.
The Shelby County Assessor of Property’s 2010 appraisal is $6.1 million.
Mark Dattel, chief manager of Dattel Management LLC, general partner of Dattel Family LP, said his father built the two high-rise buildings and this transaction was a refinancing.