Updated Dec 4, 2024
David Hussain Purchases Multifamily Asset At 2488 10th Street In Sanger For $4.35M
2488 10th Street
$4,350,000
$111/SF
Building Size
38,880 SF
Asset Type
MultiFamily
Closing
Aug 8, 2024
About this deal
AI
The multifamily property located at 2488 10th Street in Sanger has been sold for $4,350,000. This property includes 29 units and has a total square footage of 38,880, resulting in a price per unit of $150,000 and a price per square foot of $111.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Address: 2488 10th Street
- Market: Sanger
- Units: 29
- Square Footage: 38,880
- Price Per Unit: $150,000
- Price Per Square Foot: $111
- Buyer: David Hussain
- Seller: Ram Saroay
- Brokers: Blake Blackburn & Dustin Ilic - Visintainer Group
This transaction involved David Hussain as the buyer and Ram Saroay as the seller, with representation from Blake Blackburn and Dustin Ilic of Visintainer Group. Their role facilitated the successful completion of this sale in the multifamily market.
On the Map
$4,350,000
$111/SF
MultiFamily
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Players
Sanger 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93