JRK Property Holdings Acquires 88-Unit Multifamily At 333 Fremont Street In San Francisco For $44.25M
333 Fremont Street
$44,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 10, 2024
AI
The transaction involved an 88-unit multifamily apartment complex located at 333 Fremont Street in the San Francisco market. The sale price was $44,250,000, resulting in a per unit price of $502,841.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $44,250,000
- Units: 88
- Buyer: Daniel Lippman - JRK Property Holdings
- Seller: ASB Real Estate Investments
- Market: San Francisco
- Brokers: Philip Saglimbeni, Salvatore Saglimbeni, Stanford Jones & Alex Tartaglia - Institutional Property Advisors - Marcus & Millichap
This transaction marks ASB Real Estate Investments' third sale in San Francisco within two months. JRK Property Holdings has expanded its Northern California portfolio to a total of 2,550 units through this acquisition.
Players
San Francisco 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93