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
Spalding Tract MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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