Eymon Binesh Of Binesh Housing Group Represents Sale Of The Amelia Multifamily In Oakland For $21M
411 29th Street
$21,000,000
$302/SF
Building Size
69,456 SF
Asset Type
MultiFamily
Closing
Nov 21, 2025
AI
The property asset involved in the transaction is a multifamily building located at 411 29th Street, known as The Amelia, situated in the Oakland market. The sale price was set at $21,000,000, comprising 83 units. The total square footage of the property is 69,456, resulting in a price per unit of $253,012 and a price per square foot of $302.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Units: 83
- Square Footage: 69,456
- Price Per Unit: $253,012
- Price Per Square Foot: $302
The transaction was represented by broker Eymon Binesh from Binesh Housing Group, affiliated with Marcus & Millichap. This detail highlights the professionals involved in facilitating this property sale.
Players
Oakland 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93