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77 North Almaden Avenue, Sa...

Updated Oct 28, 2024

3D Investments Acquires Multifamily Asset At 77 North Almaden Avenue In San Jose For $185M
SOLDMultiFamily

3D Investments Acquires Multifamily Asset At 77 North Almaden Avenue In San Jose For $185M

77 North Almaden Avenue, San Jose, California 95110, United States

$185,000,000

Units

347

Asset Type

MultiFamily

Closing

Oct 27, 2022

About this deal

AI

The multifamily property located at 77 North Almaden Avenue in San Jose, CA has been sold in a closed transaction. The property consists of 347 units, with a price per unit of $533,141, resulting in a total sale price of $185,000,000. The sale was facilitated by Joseph Daneshgar of 3D Investments, representing the buyers, and the seller was AFL-CIO Building Investment Trust. Poppy Bank provided the financing for the transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $185,000,000
  • Address: 77 North Almaden Avenue, San Jose, CA
  • Market: San Jose, CA
  • Buyer: 3D Investments - Joseph Daneshgar
  • Seller: AFL-CIO Building Investment Trust
  • Lender: Poppy Bank
  • Number of Units: 347
  • Price per Unit: $533,141

Joseph Daneshgar, representing 3D Investments, served as the buyer's representative in this transaction. The sale of the multifamily property at 77 North Almaden Avenue highlights the expertise and experience of the individuals and companies involved in the deal.

On the Map

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$185,000,000

MultiFamily

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Players

3I
3D InvestmentsBuyer
AT
AFL-CIO Building Investment TrustSeller
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San Jose MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $533.1K per unit across 347 units on a published $185M (2022).

Browse California multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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