David Eckstein Acquires Multifamily Asset At 111 Bauer Drive Oakland For $19.1M
SOLD
$19,100,000
New Jersey
See Similar DealsMultiFamily120,760 SF
Sold 11/01/2018
SOLD
David Eckstein Acquires Multifamily Asset At 111 Bauer Drive Oakland For $19.1M
111 Bauer Drive
See Similar DealsMultiFamily120,760 SF
Sold 11/01/2018
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$158
Total Square Footage:120,760 SF
Transaction Type:Sale
The property asset is a MultiFamily type located at 111 Bauer Drive in the Oakland market. The transaction was completed for a price of $19,100,000.00, with a total square footage of 120,760.0.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $19,100,000.00
- Address: 111 Bauer Drive
- Market: Oakland
- Square Footage: 120,760.0
- Buyer: David Eckstein
- Seller: Jonathan Joels
- Broker: Yisroel Pershin
This transaction involved David Eckstein as the buyer and Jonathan Joels as the seller. Yisroel Pershin served as the broker representing the seller in the deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,018,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,858.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,543.74
Annual Debt Service$1,086,524.93
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