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111 Bauer Drive

David Eckstein Acquires Multifamily Asset At 111 Bauer Drive Oakland For $19.1M
SOLDMultiFamily

David Eckstein Acquires Multifamily Asset At 111 Bauer Drive Oakland For $19.1M

111 Bauer Drive

$19,100,000

$158/SF

Building Size

120,760 SF

Asset Type

MultiFamily

Closing

Nov 1, 2018

AI

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.

Players

Yisroel Pershin

GFI Realty Services

Broker

$230M

vol

13 deals

Broker

David Eckstein

Buyer
Buyer

Jonathan Joels

Seller
Seller

Oakland 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93