Updated Jan 22, 2025
Derrek Ostrzyzek Of CBRE Represents Sale Of 1601 Broadway Multifamily In San Diego For $107.75M
1601 Broadway
$107,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 1, 2023
About this deal
AI
The property located at 1601 Broadway in San Diego is categorized as a MultiFamily asset type. The transaction concluded on December 1, 2023, with a total consideration of $107,750,000.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $107,750,000.00
- Sale Date: 12/01/2023
- Address: 1601 Broadway
- Market: San Diego
- Broker: Derrek Ostrzyzek - CBRE
Derrek Ostrzyzek represented the seller in this transaction as part of his role with CBRE, facilitating the deal and providing professional brokerage services specific to the MultiFamily market.
On the Map
$107,750,000
MultiFamily
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Players
San Diego 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93