Detroit · Commercial sale

Bridge Apartments buys 4 parcels in Detroit for $2.9 million

A group of 4 parcels including 1060 Alter, Detroit sold for $2,900,000 on September 30, 2026. See the seller and buyer net sheets for this sale.

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Aerial view of 1060 Alter, Detroit with the parcel outlined
Aerial photo: U.S. Geological Survey. Parcel outline: Wayne County Assessor. The photo can predate the sale.
Sale price
$2,900,000
Sold
September 30, 2026
Property type
Group of 4 parcels

A group of 4 parcels, including 1060 Alter in Detroit, sold for $2,900,000 on September 30, 2026, according to the City of Detroit Assessor's property sales records.

The record lists Dynasty 1 Detroit LLC as the seller and Bridge Apartments LLC as the buyer.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Wayne County?

By our estimate, the seller's two largest charges, not counting prorations, were $21,750 for the state real estate transfer tax and $7,625 for the owner's title insurance policy. Who pays what follows Wayne County custom.

How much did the seller net?

By our estimate, the seller netted about $2,897,407. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $2,930,747 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

1060 Alter, Detroit, MI.

Source: City of Detroit Office of the Assessor, Property Sales, document 4869096. Property details: Wayne County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.

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