Updated Dec 11, 2024
DivcoWest Acquires Multifamily Portfolio In Berkeley For $102M
2310 Fulton Street, Berkeley, California 94704, United States
$102,000,000
Units
231
Asset Type
MultiFamily
Closing
Feb 2, 2022
About this deal
AI
A multifamily property in Berkeley has been sold for a staggering price of $102,000,000. The property, which is located at 2310 Fulton Street, 3001 Telegraph Road, and 2161 Allston Way, consists of 231 units. The per-unit price for this transaction was $441,558.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $102,000,000
- Address: 2310 Fulton Street, 3001 Telegraph Road & 2161 Allston Way, Berkeley
- Market: Berkeley
- Buyer: divcowest'>DivcoWest - Stuart Shiff
- Units: 231
- Price per Unit: $441,558
The buyer for this transaction was divcowest'>DivcoWest, represented by Stuart Shiff. This sale represents a significant investment in the Berkeley multifamily market, showcasing the demand for properties in the area.
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
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93