Updated Dec 4, 2024
Nancy Cole Team Acquires Multifamily Property In Concord For $1.765M
31-33 Lang Street
$1,765,000
$587/SF
Building Size
3,002 SF
Asset Type
MultiFamily
Closing
Jun 11, 2024
About this deal
AI
A 0.34-acre multifamily property at 31-33 Lang Street in Concord was sold for $1,765,000. The property spans 3,002 square feet and was sold at a rate of $588 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,765,000
- Address: 31-33 Lang Street
- Market: Concord
- SF: 3,002
- PPSF: $588
The buyer, represented by Nancy Cole from the Nancy Cole Team at Compass, acquired the property. Zur Attias from The Attias Group acted as the seller’s representative in this transaction.
Players
Concord 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
8.99%
Cash-on-Cash
-2.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93