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12606 Doty Avenue

Tharwat Sorour Purchases Multifamily Property From Maria Sauer In Hawthorne For $1.285M
SOLDMultiFamily

Tharwat Sorour Purchases Multifamily Property From Maria Sauer In Hawthorne For $1.285M

12606 Doty Avenue

$1,285,000

$334/SF

Building Size

3,843 SF

Asset Type

MultiFamily

Closing

Oct 23, 2024

AI

The property involved in this transaction is a multifamily asset located at 12606 Doty Avenue in the Hawthorne market. The sale price for the property was $1,285,000, consisting of 5 units. The total square footage of the property is 3,843, resulting in a price per unit of $257,000 and a price per square foot of $334.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,285,000
  • Units: 5
  • Square Feet: 3,843
  • Price Per Unit: $257,000
  • Price Per Square Foot: $334
  • Buyer: Tharwat Sorour
  • Seller: Maria Sauer
  • Buyer's Representative: Jon Rawson - Avenue Realty Group
  • Seller's Representative: John Mociak - Avenue Realty Group
  • Loan Broker: Tyler Bradford - Convoy Home Loans

The individuals key to this transaction include the buyer, Tharwat Sorour, and the seller, Maria Sauer. The representatives for both the buyer and seller are from Avenue Realty Group, with Jon Rawson representing the buyer and John Mociak representing the seller. The financing for the transaction was facilitated by loan broker Tyler Bradford, also associated with Convoy Home Loans.

Players

Tyler Bradford

Broker

$180.5M

vol

9 deals

Broker

Hawthorne 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

12.34%

Cash-on-Cash

-3.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93