Joseph Braum Acquires Multifamily Asset From Moshe Golan Sagiv Rosano Gil Reuveny For $4.3M
5611 Fulcher Avenue
$4,300,000
$341/SF
Building Size
12,598 SF
Asset Type
MultiFamily
Closing
Aug 23, 2024
AI
The property asset involved in this transaction is a multifamily building located at 5611 Fulcher Avenue in North Hollywood. The sale was completed at a price of $4,300,000. The asset comprises a total of 21 units and offers 12,598 square feet of space, resulting in a price per unit of $204,761 and a price per square foot of $341.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Units: 21
- Square Footage: 12,598
- Price Per Unit: $204,761
- Price Per Square Foot: $341
- Buyer: Joseph Braum
- Seller: Moshe Golan, Sagiv Rosano & Gil Reuveny
- Broker: Brandon Evans - Rosano Capital Partners
This transaction involved key individuals including buyer Joseph Braum and sellers Moshe Golan, Sagiv Rosano, and Gil Reuveny. The broker representing the deal was Brandon Evans from Rosano Capital Partners, facilitating the sale between the involved parties.
North Hollywood 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93