Updated Oct 28, 2024
The Dinerstein Companies Acquires Multifamily Property In Santa Cruz, CA For $52M
555 Pacific Avenue, Santa Cruz, California 95060, United States
$52,000,000
Units
100
Asset Type
MultiFamily
Closing
Sep 27, 2022
About this deal
AI
A multifamily property located at 555 Pacific Avenue in Santa Cruz, CA has been sold for a price of $52,000,000. The property consists of 100 units, with a per unit price of $520,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $52,000,000
- Address: 555 Pacific Avenue, Santa Cruz, CA
- Market: Santa Cruz
The buyer of the property is The Dinerstein Companies, represented by Brian Dinerstein. The seller in this transaction is Swenson Builders.
The multifamily sale at 555 Pacific Avenue, Santa Cruz, California 95060, United States in Santa Cruz, California sold for $52M in 2022. Reported inventory is 100 units across 100 units. Named participants on the 555 Pacific Avenue, Santa Cruz, California 95060, United States sale are Brian Dinerstein. This page is the Santa Cruz, California file for the 555 Pacific Avenue, Santa Cruz, California 95060, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Santa Cruz sit in the Market section below. Filter that Santa Cruz multifamily set by closing date to see what else sold near 555 Pacific Avenue, Santa Cruz, California 95060, United States around 2022. Published consideration for 555 Pacific Avenue, Santa Cruz, California 95060, United States is $52M, dated 2022. Cite this The Dinerstein Companies Acquires Multifamily Property In Santa Cruz, CA For $52M sale when underwriting similar multifamily product around Santa Cruz, California.
Santa Cruz MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Brian Dinerstein to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93