Updated Dec 20, 2024
James Clough Of Real Realty Represents Sale Of Multifamily Asset At 485 Ivy Lane For $3.85M
485 Ivy Lane
$3,850,000
$100/SF
Building Size
38,480 SF
Asset Type
MultiFamily
Closing
Nov 22, 2024
About this deal
AI
The property asset involved in this transaction is a multifamily asset located at 485 Ivy Lane in the Bradley market. It was sold for a total price of $3,850,000, featuring 43 units within a square footage of 38,480, resulting in a price per unit of $89,534 and a price per square foot of $100.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,850,000
- Units: 43
- Square Footage: 38,480
- Price Per Unit: $89,534
- Price Per Square Foot: $100
- Date of Transaction: 11/22/2024
- Broker: James Clough - Real Realty
The deal included representation by James Clough, who acted as the broker in this multifamily property transaction. James Clough is associated with Real Realty, underscoring the professional involvement in facilitating this sale.
On the Map
$3,850,000
$100/SF
MultiFamily
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Bradley 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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93