Updated Dec 23, 2025
Goldman Sachs Acquires Multifamily Property In Berkeley For $113M
2503 Haste Street, Berkeley, California 94704, United States
$113,000,000
$48,727/SF
Building Size
2,319 SF
Asset Type
MultiFamily
Closing
Jul 24, 2022
About this deal
AI
The multifamily property located at 2503 Haste Street in Berkeley has been sold for a total of $113,000,000. The property consists of 55 units, resulting in a per-unit price of $2,054,545. The sale was finalized on July 25, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $113,000,000
- Address: 2503 Haste Street, Berkeley
- Market: Berkeley
- Buyer: Goldman Sachs - David Solomon
- Seller: LBA Realty & West Builders
- Number of Units: 55
- Price Per Unit: $2,054,545
The buyer in this transaction was David Solomon from Goldman Sachs, while the sellers were LBA Realty and West Builders. These key individuals and companies played a crucial role in the successful completion of the deal.
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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93