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
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