Updated Dec 21, 2023
Qureshi Perez Acquires Multifamily Property In Berkeley For $5.35M
1635 Martin Luther King Jr Way, Berkeley, California 94709, United States
$5,350,000
$726/SF
Building Size
7,363 SF
Asset Type
MultiFamily
Closing
Aug 24, 2022
About this deal
AI
The multifamily property located at 1635 Martin Luther King Jr Way in Berkeley, LA has been sold for a price of $5,350,000. The property spans 7,363 square feet, resulting in a price per square foot of $726. The transaction took place on August 25, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,350,000
- Address: 1635 Martin Luther King Jr Way, Berkeley, LA
- Market: Berkeley, LA
The buyer of the property is Qureshi Perez, while the seller is Benjamin Assaf. The deal was facilitated by their respective representatives.
Players
Berkeley 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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93