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1108 S Sherbourne Dr

Nico Darban And Jane Doe Of XYZ Investments Acquire Multifamily Property For $2.2M From Leo Amir
SOLDMultiFamily

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

Neema Ahadian

Marcus & Millichap

Broker

$733M

vol

79 deals

Broker

Jane Doe

XYZ Investments

Buyer

$2.2M

vol

2 deals

Buyer

Nico Darban

Buyer
Buyer

Leo Amir

Seller
Seller
AL
ABC LendingLender

Alice Johnson

Home Rentals Co.

Landlord

$6.7M

vol

4 deals

Landlord

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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