Updated Oct 1, 2026
Steve Gebing & Cliff David Of Institutional Property Advisors Facilitate $47.8M Multifamily Sale In Phoenix
3300 North 7th Avenue
$47,800,000
Units
191
Asset Type
MultiFamily
Closing
Oct 1, 2026
About this deal
AI
The Astor at Osborn is a 191-unit multifamily property located at 3300 North 7th Avenue in Phoenix, AZ. The property was sold for $47,800,000, which translates to a price per unit of $250,262.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $47,800,000
- Units: 191
- Price Per Unit: $250,262
- Market: Phoenix, AZ
Steve Gebing and Cliff David from Institutional Property Advisors represented both the undisclosed seller and buyer in this transaction, handling the sale process and facilitating the deal.
On the Map
$47,800,000
MultiFamily
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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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93