Updated Dec 21, 2023
Nancy Dubonnet Acquires Multifamily Property In San Jose For $14.4 Million
498 Boynton Avenue, San Jose, California 95117, United States
$14,400,000
$452/SF
Building Size
31,807 SF
Asset Type
MultiFamily
Closing
Oct 10, 2022
About this deal
AI
The multifamily property located at 498 Boynton Ave in San Jose, CA has been sold in a recent transaction. The property spans a total of 31,807 square feet and was sold for a price of $14,400,000, resulting in a price per square foot of $452.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,400,000
- Address: 498 Boynton Ave, San Jose, CA
- Market: San Jose, CA
The buyer of the property is Nancy Dubonnet, while the seller is Sarahann Shapiro. They were represented in the transaction by their respective broker representatives.
San Jose 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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93