Updated Dec 21, 2023
The Mogharebi Group Brokered $9.25M Multifamily Sale In Salinas, CA
50 E Market St, Salinas, California 93901, United States
$9,250,000
Units
92
Asset Type
MultiFamily
Closing
Oct 10, 2022
About this deal
AI
Located at 50 East Market St in Salinas, CA, this multifamily property was recently sold. The sale was facilitated by brokers Otto Ozen and Nazli Santana from The Mogharebi Group. The transaction took place on 10/11/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,250,000
- Number of Units: 92
- Price per Unit: $100,543
The property features 92 units and was sold for a total price of $9,250,000, resulting in an average price per unit of $100,543. The transaction was managed by brokers Otto Ozen and Nazli Santana from The Mogharebi Group.
Players
Salinas 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93