Updated Sep 9, 2024
Jeffrey Bark Acquires Mixed-Use Property In Manhattan Beach For $3.15M
229 13th Street
$3,150,000
$2,390/SF
Building Size
1,318 SF
Asset Type
Mixed-use
Closing
Jun 24, 2022
About this deal
AI
A mixed-use property located at 229 13th St. in Manhattan Beach has been sold in a recent transaction. The property spans 1,318 square feet and was sold for a price of $3,150,000, resulting in a price per square foot of $2,389.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,150,000
- Square Footage: 1,318
- Price per Square Foot: $2,389
- Market: Manhattan Beach
The buyer of the property is Jeffrey Bark, while the seller is Mahmoud Saad. The transaction was facilitated by Ryan Sharpe of Urban Socal Group, who represented both parties in the deal. Urban Socal Group is affiliated with Kidder Mathews.
On the Map
$3,150,000
$2,390/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93