Updated Sep 9, 2024
Tripti Majumder Acquires Retail Property On Santa Monica Blvd. In East Hollywood For $5.5M
5100 Santa Monica Boulevard, Los Angeles, California 90029, United States
$5,500,000
$511/SF
Building Size
10,750 SF
Asset Type
Retail
Closing
Jan 31, 2022
About this deal
AI
The property involved in the transaction is a retail asset located at 5100-5116 Santa Monica Blvd. The property is situated in East Hollywood, Silverlake. The sale took place on 02/01/2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $5,500,000
- Square Footage: 10,750 SF
- Price per Square Foot: $511
- Market: East Hollywood, Silverlake
The buyer in this transaction is Tripti Majumder, while the seller is Steven H. Feldman. The deal was facilitated by the broker representatives Brandon Michaels, Matthew Luchs, and Andrew Leff from The Brandon Michaels Group.
On the Map
$5,500,000
$511/SF
Retail
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Players
Los Angeles 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93