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20 South 21st Street

Amanda Mankovsky Sells 71 Unit Multifamily Asset In Van Buren For $2.5M With Brokers Samuel Finkler & Reese Weaver
SOLDMultiFamily

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

Samuel Finkler

Besen Partners

Broker

$151.1M

vol

33 deals

Broker

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