Updated Oct 29, 2024
Chinatown 5 LLC Acquires Multifamily Property On 701 N Hill Pl, Chinatown For $1.67M
701 North Hill Place
$1,665,000
$297/SF
Building Size
5,605 SF
Asset Type
MultiFamily
Closing
Oct 17, 2019
About this deal
AI
A multifamily property located at 701 N Hill Pl in Chinatown was recently sold. The transaction took place on October 17, 2019, and the property was acquired by Chinatown 5 LLC from the seller Sook Quan Trust. The deal was facilitated by the brokerage firm SK Group - Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,665,000
- Address: 701 N Hill Pl
- Market: Chinatown
The property spans a total of 5,605 square feet and was sold at a price per square foot of $297.06.
On the day of listing, the property received multiple non-contingent offers.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.53%
Cash-on-Cash
-2.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93