Canfield Place LLC Acquires 15-Unit Property On S. Canfield Ave. For $7.23M

1489 S. Canfield Ave. is a property that was recently sold for a price of $7,230,000. The transaction took place on June 15, 2018, and involved 15 units. The property spans a total area of 19,900 square feet, with a price per square foot of $363.32. The capitalization rate for this property is 2.90%, and the gross rent multiplier is 20.06. The buyer of the property was Canfield Place LLC, while the seller was 1489 SO Canfield Ave LLC. The brokers involved in the deal were Sam Liberow and Filip Niculete from an undisclosed agency.

Summary of transation details

• Property Type: SALE
• Transaction Amount: $7,230,000
• Address: 1489 S. Canfield Ave.
• Date: June 15, 2018
• Units: 15
• Capitalization Rate: 2.90%
• Gross Rent Multiplier: 20.06
• Square Footage: 19,900
• Price per Square Foot: $363.32
• Buyer: Canfield Place LLC
• Seller: 1489 SO Canfield Ave LLC
• Brokers: Sam Liberow & Filip Niculete

The sale of 1489 S. Canfield Ave. for $7,230,000 was facilitated by brokers Sam Liberow and Filip Niculete. These individuals played crucial roles in representing the buyer and seller in this transaction, ensuring a successful deal between Canfield Place LLC and 1489 SO Canfield Ave LLC.