Chihyang Ho Acquires Multifamily Property In San Jose For $6.2M
SOLD
$6,172,022
California
See Similar DealsMultiFamily3,673 SF
Sold 06/17/2022
SOLD
Chihyang Ho Acquires Multifamily Property In San Jose For $6.2M
568 North 1st Street, San Jose, California 95112, United States
See Similar DealsMultiFamily3,673 SF
Sold 06/17/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$1,680
Total Square Footage:3,673 SF
Transaction Type:Sale
The multifamily property located at 568 N 1st St in San Jose, CA was sold on June 17, 2022. The property spans 3,673 square feet and was sold for a price of $6,172,022, resulting in a price per square foot of $1,680.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,172,022
- Square Footage: 3,673
- Price per Square Foot: $1,680
- Address: 568 N 1st St, San Jose, CA
- Buyer: Chihyang Ho
- Seller: Brad Berman & Louis Tommasino
The buyer in this transaction was Chihyang Ho, while the sellers were Brad Berman and Louis Tommasino.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$329,174.50
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,927.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,258.53
Annual Debt Service$351,102.40
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