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
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.
Players
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