Andrew Cohan Purchases Multifamily Property At 11040 Hesby Street From Steve Choi For $6.65M
11040 Hesby Street
$6,650,000
$456/SF
Building Size
14,580 SF
Asset Type
MultiFamily
Closing
Dec 12, 2024
AI
The property asset involved in this transaction is a multifamily asset located at 11040 Hesby Street in the North Hollywood market. The sale price was set at $6,650,000 for a building consisting of 19 units. The total square footage of the property is 14,580, resulting in a price per unit of $350,000 and a price per square foot of $456.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,650,000
- Address: 11040 Hesby Street
- Market: North Hollywood
- Units: 19
- Square Footage: 14,580
- Price Per Unit: $350,000
- Price Per Square Foot: $456
- Buyer: Andrew Cohan
- Seller: Steve Choi
- Brokers: Tony Sameyah & Reza Ghobadi - Colliers
This transaction involved key individuals including the buyer, Andrew Cohan, and the seller, Steve Choi. The brokers representing this deal were Tony Sameyah and Reza Ghobadi from Colliers, underlining their role in facilitating the successful completion of the transaction.
Players
North Hollywood 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
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93