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496 Northeast 78th Street

Dinesh Paliwal Acquires Multifamily Property In Little River For $960K
SOLDMultiFamily

Dinesh Paliwal Acquires Multifamily Property In Little River For $960K

496 Northeast 78th Street

$960,000

$302/SF

Building Size

3,173 SF

Asset Type

MultiFamily

Closing

Jul 6, 2022

AI

The multifamily property located at 496 NE 78th St in Little River has been sold in a recent transaction. The property consists of 8 units with a total square footage of 3,240. The sale price for the property was $960,000, resulting in a per unit price of $120,000. The price per square foot for the property was $296.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $960,000
  • Units: 8
  • Price per Unit (PPU): $120,000
  • Square Footage (SF): 3,240
  • Price per Square Foot (PPSF): $296

The buyer in this transaction is Dinesh Paliwal, while the sellers are Jacob Nae and Francis Jacob. The deal was facilitated by Shelly Argy and Ryan Shaw from Marcus & Millichap. They represented both the buyer and seller in the transaction.

Players

Ryan Shaw

Marcus & Millichap

Broker

$145.7M

vol

22 deals

Broker

Dinesh Paliwal

Buyer

$7.8M

vol

3 deals

Buyer

Topeka 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

16.52%

Cash-on-Cash

-4.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93