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David Chesnosky, Mark Bonn & Mirella Webb Sell Lower Nob Hill Multifamily For $14.3M

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SOLD
$14,300,000

California

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MultiFamily
Sold 09/09/2022
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Property Image
SOLD

David Chesnosky, Mark Bonn & Mirella Webb Sell Lower Nob Hill Multifamily For $14.3M

901-903 Pine Street, San Francisco, California 94108, United States

See Similar Deals
MultiFamily
Sold 09/09/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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

David Chesnosky
1 deal$14.3M volume
BROKER

Mark Bonn
Compass
1 deal$14.3M volume
BROKER

Mirella Webb
Compass Commercial
1 deal$14.3M volume(415) 640-4133
BROKER

Details

SOLD
IMAGE: David Chesnosky, Mark Bonn & Mirella Webb DATE: 09/09/2022 ADDRESS: 901-903 Pine Street MARKET: Lower Nob Hill, San Francisco ASSET TYPE: Multifamily BROKERS: David Chesnosky (@RentingSF), Mark Bonn & Mirella Webb (@TheBonnWebbTeam) SALE PRICE: $14,300,000 UNITS: 37 ~ PPU: $386,486

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$762,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$50,804.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,789.30
Annual Debt Service$813,471.55