David Chesnosky, Mark Bonn & Mirella Webb Sell Lower Nob Hill Multifamily For $14.3M
901-903 Pine Street, San Francisco, California 94108, United States
$14,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 8, 2022
AI
901-903 Pine Street, a multifamily property located in Lower Nob Hill, San Francisco, was recently sold for a price of $14,300,000. The transaction took place on 09/09/2022, with a total of 37 units. The price per unit was $386,486, reflecting the market value of the property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,300,000
- Address: 901-903 Pine Street
- Market: Lower Nob Hill, San Francisco
- Units: 37
- Price per Unit: $386,486
- Brokers: David Chesnosky, Mark Bonn & Mirella Webb
The deal was facilitated by the brokers David Chesnosky, Mark Bonn, and Mirella Webb. Their expertise and representation were instrumental in finalizing the transaction. With their assistance, the parties involved in the deal were able to navigate the negotiation process and reach a successful agreement.
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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93