Amanda Mankovsky Sells 71 Unit Multifamily Asset In Van Buren For $2.5M With Brokers Samuel Finkler & Reese Weaver
20 South 21st Street
$2,500,000
$30/SF
Building Size
82,962 SF
Asset Type
MultiFamily
Closing
Dec 30, 2024
AI
The property asset involved in this transaction is a multifamily building located at 20 South 21st Street in Van Buren, AR. The sale price for the asset was $2,500,000, comprising 71 units with a price per unit of $35,211. The total square footage of the asset measures 82,962, resulting in a price per square foot of $30.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 71
- Price Per Unit: $35,211
- Square Feet: 82,962
- Price Per Square Foot: $30
- Seller: Amanda Mankovsky
- Broker: Samuel Finkler & Reese Weaver - Besen Partners
- Date of Transaction: 12/30/2024
- Market: Van Buren, AR
The transaction featured representation from Samuel Finkler and Reese Weaver of Besen Partners, who acted on behalf of the seller, Amanda Mankovsky, ensuring a smooth transition of ownership for the multifamily asset. Their expertise contributed to the successful closing of this sale.
Players
Van Buren 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93