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124 North Manhattan Place

Stephanie Kim Purchases Multifamily Asset From Thomas James Homes In Los Angeles For $4.35M
SOLDMultiFamily

Stephanie Kim Purchases Multifamily Asset From Thomas James Homes In Los Angeles For $4.35M

124 North Manhattan Place

$4,350,000

$805/SF

Building Size

5,400 SF

Asset Type

MultiFamily

Closing

Jul 17, 2024

AI

The property involved in this transaction is a multifamily asset located at 124 North Manhattan Place in the Los Angeles market. It encompasses a total of 4 units within a building that spans 5,400 square feet. The sale price for this asset was $4,350,000, which translates to a price per unit of $1,087,500 and a price per square foot of $806.

Summary of transaction details:

The deal featured Stephanie Kim as the buyer acquiring the property from seller Thomas James Homes. Ariel Sayani from Partners CRE and Jennifer Naim from The Beverly Hills Estates represented their respective parties in this transaction.

Players

Ariel Sayani

Partners CRE

Broker

$69.5M

vol

25 deals

Broker

Los Angeles 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

3.65%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93