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:
- Property Type: MultiFamily
- Transaction Amount: $2,250,000
- Units: 12
- Price Per Unit: $187,500
- Square Footage: 6,667
- Price Per Square Foot: $337
- Buyer: Sam Shaulson
- Seller: Gonzalo Munoz
- Brokers: Jamie Rose Maniscalco & Steffanie Jacobson - The Alpha Commercial
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
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