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Derek Kaptanoglu Represents Both Buyer And Seller In $2.16M Sale Of 24-Unit Multifamily Portfolio In Forest Park

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SOLD
$2,160,000

National

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MultiFamily7,500 SF
Sold 01/23/2023
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SOLD

Derek Kaptanoglu Represents Both Buyer And Seller In $2.16M Sale Of 24-Unit Multifamily Portfolio In Forest Park

8280-8290 Roosevelt Road

See Similar Deals
MultiFamily7,500 SF
Sold 01/23/2023
the dealplayerscompscontact
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Summary

Asset Type:MultiFamily
Price Per Square Foot:$288
Total Square Footage:7,500 SF
Transaction Type:Sale

A 24-unit multi-family property located at 8280-8290 Roosevelt Road in Forest Park has been sold for $2,160,000. The sale was facilitated by Derek Kaptanoglu from Essex Realty Group, Inc. The property consists of four separate buildings and spans 7,500 square feet, with each unit priced at $90,000. The price per square foot for this transaction equates to $288.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,160,000
  • Units: 24
  • Price per Unit: $90,000
  • Square Footage: 7,500
  • Price per Square Foot: $288
  • Market: Forest Park

Congratulations to Derek Kaptanoglu from Essex Realty Group, Inc. for successfully representing both the buyer and seller in this transaction. For any further inquiries regarding this sale, please reach out to Essex Realty Group, Inc.

Players

Derek Kaptanoglu
Compass
Derek Kaptanoglu
24 deals$79.3M volume(858) 221-9649
BROKER

Details

SOLD
IMAGE: Derek Kaptanoglu DATE: 01/23/2023 ADDRESS: 8280-8290 Roosevelt Road MARKET: Forest Park ASSET TYPE: Multifamily BROKER: Derek Kaptanoglu - Essex Realty Group, Inc. (@EssexRealtyGroupInc) SALE PRICE: $2,160,000 UNITS: 24 ~ PPU: $90,000 SF: 7,500 ~ PPSF: $288 NOTE FROM BROKER: Congratulations to Derek Kaptanoglu on the sale of this 24-unit, 4-property portfolio located in Forest Park. Kaptanoglu represented both buyer and seller on this transaction. Please contact Essex Realty Group, Inc. (@essexrealtygroupinc) with any questions regarding this transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,674.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,239.50
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