Gregg Orenstein Acquires Northridge Multifamily Property For $3.125M With Blas Fernandez & Melina Ghotanian As Seller's Representatives
SOLD
$3,125,000
California
See Similar DealsMultiFamily15,676 SF
Sold 09/19/2024
SOLD
Gregg Orenstein Acquires Northridge Multifamily Property For $3.125M With Blas Fernandez & Melina Ghotanian As Seller's Representatives
19237 Bryant Street
See Similar DealsMultiFamily15,676 SF
Sold 09/19/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$199
Total Square Footage:15,676 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 19237 Bryant Street in Northridge. The sale was finalized on 09/19/2024 for a total price of $3,125,000, consisting of 16 units. The property encompasses a total square footage of 15,676, translating to a price per unit of $195,312 and a price per square foot of $199.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,125,000
- Units: 16
- Square Footage: 15,676
- Price Per Unit: $195,312
- Price Per Square Foot: $199
- Buyer: Gregg Orenstein
- Seller: Jeffrey Plotts
- Buyer's Representative: Tholfaqar Al Amara
- Seller's Representatives: Blas Fernandez & Melina Ghotanian - IKON Properties
The deal features representatives from both sides; Tholfaqar Al Amara acted as the buyer's representative, while Blas Fernandez and Melina Ghotanian represented the seller through IKON Properties, facilitating the transaction between Gregg Orenstein and Jeffrey Plotts.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$166,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,102.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,814.09
Annual Debt Service$177,769.13
Is there something missing? Send suggestions