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501 Raleigh Street

Brett Tobin Acquires 6-Unit Multifamily In Glendale For $2.675M
SOLDMultiFamily

Brett Tobin Acquires 6-Unit Multifamily In Glendale For $2.675M

501 Raleigh Street

$2,675,000

$461/SF

Building Size

5,792 SF

Asset Type

MultiFamily

Closing

Dec 29, 2022

AI

The multifamily property located at 501 Raleigh Street in Glendale has been sold in a recent transaction. The property consists of 6 units with a total square footage of 5,792. The sale price for the property was $2,675,000, resulting in a per unit price of $445,833. The price per square foot for the property was $462.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,675,000
  • Address: 501 Raleigh Street
  • Market: Glendale
  • Units: 6
  • Price per Unit: $445,833
  • Square Footage: 5,792
  • Price per Square Foot: $462

The buyer involved in the transaction is Brett Tobin, while the seller is Hansin Singh. Representing both parties in the deal were Elizabeth Clark and Kirtley Baker from Douglas Elliman.

Players

Kirtley Baker

Douglas Elliman

Broker

$6.4M

vol

3 deals

Broker

Glendale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.93%

Cash-on-Cash

-1.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93