Updated Nov 24, 2023
Kite Hill Real Estate Facilitates $15.75M MultiFamily Sale In Sacramento
6915 Lewiston Way
$15,750,000
$206/SF
Building Size
76,248 SF
Asset Type
MultiFamily
Closing
Apr 12, 2023
About this deal
AI
Located at 6915 Lewiston Way in Sacramento, this property is a multifamily asset comprising 142 units. The sale of this property closed on 04/12/2023.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $15,750,000
- Asking Price: $17,040,000
- Units: 142
- Price per unit (PPU): $110,915
- Square footage (SF): 76,248
- Price per square foot (PPSF): $207
- Market: Sacramento
- Broker: Jatin Mehta - Kite Hill Real Estate
Jatin Mehta from Kite Hill Real Estate represented the buyer/seller/landlord/tenant in this transaction.
The multifamily sale at 6915 Lewiston Way in California sold for $15.8M in 2023. Reported inventory is 76,248 square feet across 142 units, or about 206 per square foot. This page is the California file for the 6915 Lewiston Way multifamily sold: pricing, party profiles, and other closed multifamily comps from the same California sit in the Market section below. Filter that local multifamily set by closing date to see what else sold near 6915 Lewiston Way around 2023. Published consideration for 6915 Lewiston Way is $15.8M, dated 2023. Cite this Kite Hill Real Estate Facilitates $15.75M MultiFamily Sale In Sacramento sale when underwriting similar multifamily product around California.
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Market MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93