facebook
Traded Co logo
Submit

Optimus Properties Acquires Multifamily Property In Van Nuys For $21.25M

Property Image
SOLD
$21,250,000

New York

See Similar Deals
MultiFamily410 SF
Sold 07/23/2020
the dealplayerscompscontact
Property Image
SOLD

Optimus Properties Acquires Multifamily Property In Van Nuys For $21.25M

15425 Sherman Way, Van Nuys, Ca 91406, Usa

See Similar Deals
MultiFamily410 SF
Sold 07/23/2020
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$51,829
Total Square Footage:410 SF
Transaction Type:Sale

The multifamily property located at 15425 Sherman Way in Van Nuys has been sold in a closed transaction. The property consists of 100 units, with a price of $21,250,000, resulting in a per unit price of $212,500.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $21,250,000
  • Units: 100
  • Price per Unit: $212,500
  • Date: 07/23/2020
  • Address: 15425 Sherman Way
  • Market: Van Nuys

Optimus Properties, a buyer, has acquired the multifamily property. The deal was facilitated by the brokers Janet Neman and Angelica Gotzev from Kidder Matthews.

Players

Janet Neman
26 deals$483.6M volume(310) 996-2210
BROKER

Angelica Gotzev
Kidder Mathews
23 deals$331.1M volume
BROKER

Optimum Properties
BUYER

Details

SOLD
IMAGE: IMAGE: Janet Neman & Angelica Gotzev DATE: 07/23/2020 ADDRESS: 15425 Sherman Way MARKET: Van Nuys ASSET TYPE: Multifamily PRICE: $21,250,000 UNITS: 100 PPU: $212,500 BUYER: Optimus Properties BROKERS: Janet Neman, Angelica Gotzev – Kidder Matthews

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,133,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$75,496.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,735.84
Annual Debt Service$1,208,830.09