Updated Oct 28, 2024
Ogden Capital Partners Sells 130-Unit Multifamily In Phoenix For $36.5M
1517 East Colter Street, Phoenix, Arizona 85014, United States
$36,500,000
Units
130
Asset Type
MultiFamily
Closing
Aug 10, 2022
About this deal
AI
Ogden Capital Partners has sold a multifamily property located at 1517 E Colter in Phoenix, AZ. The property consists of 130 units and was sold for a total price of $36,500,000, resulting in a price per unit of $280,769.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $36,500,000
- Units: 130
- Price per Unit: $280,769
The sale was facilitated by the brokers Chris Canter, Brett Polachek, and Brad Goff of Newmark.
The multifamily sale at 1517 East Colter Street, Phoenix, Arizona 85014, United States in Phoenix, Arizona sold for $36.5M in 2022. Reported inventory is 130 units across 130 units. Chris Canter, Brett Polachek, Brad Goff, Newmark appear on the sale alongside Newmark. This page is the Phoenix, Arizona file for the 1517 East Colter Street, Phoenix, Arizona 85014, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Phoenix sit in the Market section below. Filter that Phoenix multifamily set by closing date to see what else sold near 1517 East Colter Street, Phoenix, Arizona 85014, United States around 2022. Published consideration for 1517 East Colter Street, Phoenix, Arizona 85014, United States is $36.5M, dated 2022. Cite this Ogden Capital Partners Sells 130-Unit Multifamily In Phoenix For $36.5M sale when underwriting similar multifamily product around Phoenix, Arizona.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93