Updated May 12, 2025
Golden Bee Properties Acquires 127 Multifamily Units In Las Vegas For $22M
1455 East Katie Avenue, Las Vegas, Nevada 89119, United States
$22,000,000
$207,547/SF
Building Size
106 SF
Asset Type
MultiFamily
Closing
Apr 17, 2023
About this deal
AI
The asset involved in the transaction is a multifamily property located at 1455 E. Katie Avenue in Las Vegas, Nevada. It was sold for $22,000,000 and consists of 127 condo units within a larger 226-unit complex, spanning a total square footage of 106,692. The price per unit is $173,228, while the price per square foot is $206.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,000,000
- Units: 127
- Square Footage: 106,692
- Price Per Unit: $173,228
- Price Per Square Foot: $206
- Buyer: Golden Bee Properties - Jonathan Zadok & Marty Berneman
- Broker: David Berneman - Golden Bee Properties
The transaction was represented by David Berneman, who is affiliated with Golden Bee Properties. The buyer, Golden Bee Properties, has plans to reposition the value-add asset over the next three to five years following this bulk acquisition.
Players
Las Vegas 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93