Joseph Kendall Purchases MultiFamily Property From Nicholas Infantino In Inglewood For $1.615M
632 Manchester Dr
$1,615,000
$230/SF
Building Size
6,994 SF
Asset Type
MultiFamily
Closing
Nov 23, 2021
AI
The transaction involved a MultiFamily asset located at 632 Manchester Dr in Inglewood. The property was sold for $1,615,000.00 and encompasses a total of 6,994 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,615,000.00
- Address: 632 Manchester Dr
- Market: Inglewood
- Square Footage: 6,994.0
- Buyer: Joseph Kendall
- Seller: Nicholas Infantino
- Brokers: Chase Simonton (Re/Max), Jonathan Nikfarjam (Shield Commercial Real Estate)
Chase Simonton from Re/Max and Jonathan Nikfarjam from Shield Commercial Real Estate represented the transaction, providing assistance to the buyer and seller throughout the process. This sale highlights the active participation of these brokerage firms in the Inglewood market.
Players
Inglewood 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
9.82%
Cash-on-Cash
-2.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93