Updated Oct 29, 2024
Molloy Construction Sells Multifamily Property At 900 Van Ness Ave., San Francisco For $10M
900 Van Ness Avenue San Francisco, California 94109, USA
$10,000,000
Units
29
Asset Type
MultiFamily
Closing
Jun 28, 2023
About this deal
AI
A multifamily property located at 900 Van Ness Avenue in San Francisco is set to be sold for a price of $10 million. The property, built in 2002, includes 29 units, with each unit having a price per unit (PPU) of $344,828. The sale of this property bypasses the city's rent-control rules. In addition to the residential units, the property also features a retail tenant and three vacant units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Address: 900 Van Ness Avenue
- Market: San Francisco
Molloy Construction is the seller of the property, and the sale is being facilitated by the broker Colliers.
Players
San Francisco 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93