Updated Dec 21, 2023
Chihyang Ho Acquires Multifamily Property In San Jose For $6.2M
568 North 1st Street, San Jose, California 95112, United States
$6,172,022
$1,680/SF
Building Size
3,673 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
About this deal
AI
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.
Players
San Jose 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
2.57%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93