Jong Park Acquires Montrose Multifamily For $5.15M With Sam Liberow & Jeff Louks
2300 Montrose Avenue, Montrose, CA 91020, USA
$5,150,000
$423/SF
Building Size
12,172 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
AI
The asset involved in this transaction is a multifamily property located at 2300 Montrose Avenue in the Montrose market. The sale price of the property was $5,150,000, which encompasses a total of 15 units. The building features a square footage of 12,172, translating to a price per unit of $343,333 and a price per square foot of $423.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,150,000
- Address: 2300 Montrose Avenue
- Market: Montrose
- Units: 15
- Price Per Unit: $343,333
- Square Feet: 12,172
- Price Per Square Foot: $423
- Buyer: Jong Park
- Seller: Meisels Family
- Brokers: Sam Liberow, Jeff Louks & Elliot Sabag
Jong Park acquired the property from the Meisels Family, with representation provided by brokers Sam Liberow, Jeff Louks, and Elliot Sabag in this transaction. Their involvement was crucial in facilitating the deal between the buyer and seller.
Players
Montrose 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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93