Updated Oct 14, 2026
Sack Capital Partners Acquires 171-Unit Fourth & U Apartments In Berkeley For $52.3M
2020 Fourth Street
$52,300,000
Units
171
Asset Type
Mixed-use
Closing
Sep 24, 2025
About this deal
AI
The mixed-use property at 2020 Fourth Street in Berkeley was sold for $52,300,000, comprising 171 units and including 15,000 square feet of retail space. The per unit price amounted to approximately $305,848. The sale reflects recent activity in the Bay Area market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $52,300,000
- Address: 2020 Fourth Street
- Market: Berkeley
- Units: 171
- Price Per Unit: $305,848
- Seller: Essex Property Trust
- Buyer: Jeff Smith & David Feinberg - Sack Capital Partners
This transaction marks Sack Capital Partners' third acquisition in the Bay Area within the month, following purchases in San Jose and Pinole. The deal was facilitated by representatives of Sack Capital Partners, who played a crucial role in the negotiation process with Essex Property Trust.
On the Map
$52,300,000
Mixed-use
View full map
Players
Berkeley Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeff Smith to view all their deals.
Browse Berkeley mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93