Updated Oct 28, 2024
CBRE Brokers Secure $21.5M Sale Of 87-Unit Multifamily In Berkeley
2590 Bancroft Way, Berkeley, California 94704, United States
$21,500,000
$1,815/SF
Building Size
11,840 SF
Asset Type
Retail
Closing
Jan 31, 2022
About this deal
AI
The multifamily property located at 2590 Bancroft Way in Berkeley has been sold for a price of $21,500,000. This property, consisting of 87 units, was sold by Ruegg And Ellsworth LLC. The sale was facilitated by the brokers Keith Manson, Zachary Greenwood, and Mac Watson from CBRE.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $21,500,000
- Address: 2590 Bancroft Way, Berkeley
- Market: Berkeley
- Units: 87
Keith Manson, Zachary Greenwood, and Mac Watson from CBRE played crucial roles as the brokers representing the seller, Ruegg And Ellsworth LLC, in this transaction.
Players
Berkeley Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93