Updated Oct 28, 2024
Prometheus Acquires Multifamily Property In San Bruno For $188M
2000 Crystal Springs Road, San Bruno, California 94066, United States
$188,000,000
Units
435
Asset Type
MultiFamily
Closing
Sep 18, 2022
About this deal
AI
The multifamily property located at 2000 Crystal Springs Road in San Bruno, CA has been sold for $188,000,000. The transaction took place on 09/19/2022. The property consists of 435 units, with a price per unit (PPU) of $432,184. The buyer of the property is Prometheus Real Estate Group, represented by Jackie Safier. The seller is Pivnicka Properties & Gerson Bakar & Associates.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $188,000,000
- Units: 435
- Price per Unit (PPU): $432,184
- Buyer: Prometheus Real Estate Group - Jackie Safier
- Seller: Pivnicka Properties & Gerson Bakar & Associates
Jackie Safier of Prometheus Real Estate Group played a crucial role as the buyer's representative in this transaction.
San Bruno 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93