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529 Northwest 88th Street

Sam Shaulson Buys Multifamily Property From Gonzalo Munoz In El Portal For $2.25M
SOLDMultiFamily

Sam Shaulson Buys Multifamily Property From Gonzalo Munoz In El Portal For $2.25M

529 Northwest 88th Street

$2,250,000

$337/SF

Building Size

6,667 SF

Asset Type

MultiFamily

Closing

Dec 12, 2024

AI

The property asset involved in this transaction is a MultiFamily building located at 529 Northwest 88th Street in the El Portal market. The sale price was $2,250,000, covering a total of 12 units with a price per unit of $187,500. The total square footage of the property is 6,667, resulting in a price per square foot of $337.

Summary of transation details:

This transaction involved key individuals and entities including buyer Sam Shaulson and seller Gonzalo Munoz, represented by the brokerage team of Jamie Rose Maniscalco and Steffanie Jacobson from The Alpha Commercial, ensuring a facilitated process in the transfer of ownership.

Players

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker

El Portal 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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93