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926 N Spaulding

Ryan Kaveh And Alan Brown Of Brown Holdings Acquire MultiFamily At 926 N Spaulding For $2.31M
SOLDMultiFamily

Ryan Kaveh And Alan Brown Of Brown Holdings Acquire MultiFamily At 926 N Spaulding For $2.31M

926 N Spaulding

$2,315,000

Building Size

Asset Type

MultiFamily

Closing

Jul 12, 2024

AI

The property involved in this transaction is a MultiFamily asset located at 926 N Spaulding within the Spalding Tract. The transaction was completed for a total amount of $2,315,000.00.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,315,000.00
  • Address: 926 N Spaulding
  • Market: Spalding Tract
  • Buyer: Ryan Kaveh and Alan Brown (Brown Holdings)
  • Seller: David Lorne and Susan Green (Green Properties Ltd.)
  • Broker Representatives: Jeffrey Estrada (Marcus & Millichap), Neema Ahadian (Marcus & Millichap)

This transaction was facilitated by the broker representatives, Jeffrey Estrada and Neema Ahadian, both affiliated with Marcus & Millichap, who represented the buyer and seller in the deal. The involvement of these brokers indicates a professional support in navigating the complexities of this real estate transaction.

Players

Neema Ahadian

Marcus & Millichap

Broker

$733M

vol

79 deals

Broker

Ryan Kaveh

Buyer
Buyer

David Lorne

Seller
Seller

Jane Smith

Smith Lending Inc.

Lender

$9.4M

vol

5 deals

Lender

Spalding Tract 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

6.85%

Cash-on-Cash

-1.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93