Nico Darban And Jane Doe Of XYZ Investments Acquire Multifamily Property For $2.2M From Leo Amir
1108 S Sherbourne Dr
$2,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 18, 2024
AI
The transaction involves a multi-family asset located at 1108 S Sherbourne Dr, which was sold for $2,200,000.00. The specific characteristics, such as square footage and exact market value details, have not been disclosed.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,200,000.00
- Buyer: Nico Darban and Jane Doe from XYZ Investments
- Seller: Leo Amir
- Brokers: Jeffrey Estrada and Neema Ahadian from Marcus & Millichap
- Date of Transaction: 12/18/2024
This transaction showcases the involvement of two brokers, Jeffrey Estrada and Neema Ahadian, who represented the parties in the deal, facilitating the sale between the buyer, Nico Darban and Jane Doe, and the seller, Leo Amir.
Players
Market 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93