Updated Dec 21, 2023
Roy B Woolsey Acquires Multifamily Property In Berkeley, CA For $4.515M
951 University Avenue, Berkeley, California 94710, United States
$4,515,000
$562/SF
Building Size
8,024 SF
Asset Type
MultiFamily
Closing
Aug 29, 2022
About this deal
AI
The multifamily property located at 951 University Ave in Berkeley, CA has been sold in a transaction that closed on August 30, 2022. The property spans a total area of 8,024 square feet. The sale price for the property was $4,515,000, resulting in a price per square foot of $562.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $4,515,000
- Square Footage: 8,024
- Address: 951 University Ave, Berkeley, CA
- Market: Berkeley, CA
The buyer of the property was Roy B Woolsey, while the seller was Wayne B Lippman.
Players
Berkeley 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
3.51%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93