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340 East 9th Street, East V...

Sam Kooris Acquires East Village Multifamily From Shimon Avadi For $5.98M
SOLDMultiFamily

Sam Kooris Acquires East Village Multifamily From Shimon Avadi For $5.98M

340 East 9th Street, East Village, Kansas City, MO, USA

$5,975,000

$818/SF

Building Size

7,302 SF

Asset Type

MultiFamily

Closing

Feb 4, 2021

AI

A multifamily property located at 340 East 9th Street in the East Village neighborhood has been sold for $5,975,000. The property has a building square footage of 7,302 and a price per square foot of $818. The buyer of the property is Sam Kooris, while the seller is Shimon Avadi.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,975,000
  • Market: East Village
  • Address: 340 East 9th Street
  • Building Square Footage: 7,302
  • Price per Square Foot: $818

The property has a floor area ratio (FAR) of 3.11 and is classified under tax class 2B. The lot size is 2,348 square feet, with lot dimensions of 25 feet by 93.92 feet. The property previously underwent an alteration permit of type 2 in May 2008.

It is important to note that the property is zoned as R8B, allowing for multifamily use. The transaction was facilitated by Sam Kooris as the buyer's representative from an undisclosed agency, while Shimon Avadi represented the seller.

Players

Sam Kooris

Buyer

$76.6M

vol

13 deals

Buyer

Shimon Avadi

Seller

$20.5M

vol

3 deals

Seller

Kansas City 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

2.65%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93