Aaron Chang Acquires 18 Condos At 555 Fulton St, San Francisco From Z&L Properties For $12.5M
555 Fulton Street San Francisco, California 94102, Usa
$12,500,000
Building Size
—
Asset Type
Condo
Closing
May 31, 2023
AI
Troubled developer Z&L Properties has sold 18 unsold condos at the 555 Fulton project in San Francisco to Fulton 555 Residential LLC for $12.5 million. The property, located at 555 Fulton Street, is a condominium asset comprising 18 units. The price per unit (PPU) amounts to $694,444.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $12,500,000
- Address: 555 Fulton Street
- Market: San Francisco
Aaron Chang represented the buyer, while Z&L Properties represented the seller in this transaction.
Note: The commercial space originally intended for a Trader Joe's store was not included in the deal.
Players
Alpharetta Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93