Updated Dec 4, 2024
Michael Goldblatt Purchases Multifamily Property In Hawthorne For $1.235M With Jake Glaser & Spencer Chan As Representatives
12527 Cranbrook Avenue
$1,235,000
$321/SF
Building Size
3,847 SF
Asset Type
MultiFamily
Closing
Aug 8, 2024
About this deal
AI
The property involved in the transaction is a multifamily asset located at 12527 Cranbrook Avenue in the Hawthorne market. The sale price reached $1,235,000, comprising four units. The total square footage of the property is 3,847, resulting in a price per unit of $308,750 and a price per square foot of $321.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,235,000
- Units: 4
- Square Footage: 3,847
- Price Per Unit: $308,750
- Price Per Square Foot: $321
- Buyer: Michael Goldblatt
- Seller: William D. Richard
- Buyer's Representative: Jake Glaser & Spencer Chan - Lyon Stahl Investment Real Estate
- Seller's Representative: Nabil Awada & Alexander Brankovic - Matthews Real Estate Investment Services
Key individuals involved in the transaction include the buyer, Michael Goldblatt, and the seller, William D. Richard. The buyer's interests were represented by Jake Glaser and Spencer Chan from Lyon Stahl Investment Real Estate, while the seller was represented by Nabil Awada and Alexander Brankovic from Matthews Real Estate Investment Services.
On the Map
$1,235,000
$321/SF
MultiFamily
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Hawthorne 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
12.84%
Cash-on-Cash
-3.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93