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4750 North 28th Street, Pho...

Updated Dec 20, 2023

CBRE Brokers $15.68M Multifamily Sale In Phoenix, AZ
SOLDMultiFamily

CBRE Brokers $15.68M Multifamily Sale In Phoenix, AZ

4750 North 28th Street, Phoenix, Arizona 85016, United States

$9,000,000

Building Size

—

Asset Type

MultiFamily

Closing

Aug 14, 2022

About this deal

AI

A multifamily property located at 4750 N 28th St & 3432 N 12th Pl in Phoenix, AZ has been sold for $15,680,000. The property features multiple residential units and is situated in the Phoenix market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $15,680,000
  • Address: 4750 N 28th St & 3432 N 12th Pl, Phoenix, AZ
  • Market: Phoenix, AZ

The sale was facilitated by Derek Smigiel from CBRE, who served as the broker in this transaction.

The multifamily sale at 4750 North 28th Street, Phoenix, Arizona 85016, United States in Phoenix, Arizona sold for $9M in 2022. 4750 North 28th Street, Phoenix, Arizona 85016, United States is classified as Multifamily on Traded. Patrick Burch, John Klocek, Mitchell Drake, Derek Smigiel appear on the sale alongside ABI Multifamily, CBRE. This page is the Phoenix, Arizona file for the 4750 North 28th Street, Phoenix, Arizona 85016, 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 4750 North 28th Street, Phoenix, Arizona 85016, United States around 2022. Published consideration for 4750 North 28th Street, Phoenix, Arizona 85016, United States is $9M, dated 2022. Cite this CBRE Brokers $15.68M Multifamily Sale In Phoenix, AZ sale when underwriting similar multifamily product around Phoenix, Arizona.

On the Map

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$9,000,000

MultiFamily

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Players

Derek Smigiel

JLL

Broker

$62.3M

vol

5 deals

Broker

Phoenix MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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