Detroit · Commercial sale
Standard River Towers Venture Ldhal buys 7800 E Jefferson in Detroit for $83 million
An apartment building at 7800 E Jefferson, Detroit sold for $83,000,000 on August 28, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $83,000,000
- Sold
- August 28, 2026
- Property type
- Apartment building
- Building area
- 381,920 sq ft
- Price per sq ft
- $217
- Year built
- 1972
An apartment building at 7800 E Jefferson in Detroit sold for $83,000,000 on August 28, 2026, according to the City of Detroit Assessor's property sales records. The sale price is 3 times the market value of $27,678,400 listed on the tax roll.
Standard River Towers Venture Ldhal bought the property from River Towers Limited Dividend HSG, according to the Assessor's records. The building spans 381,920 square feet, making the price $217 per square foot.
The structure was built in 1972, according to the Assessor's records.
What this sale costs to close
What does closing cost at this price? Under Wayne County custom the seller's larger charges are $622,500 for the state real estate transfer tax and $187,850 for the owner's title insurance policy. The seller's estimated net is $83,072,125 before brokerage commissions and any loan payoff. A cash buyer would need about $83,974,550 at closing.
Source: City of Detroit Office of the Assessor, Property Sales, document 4866681. 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.
