Optimus Properties Acquires Multifamily Property In Van Nuys For $21.25M
SOLD
New York
See Similar DealsMultiFamily410 SF
Sold 07/23/2020
SOLD
Optimus Properties Acquires Multifamily Property In Van Nuys For $21.25M
15425 Sherman Way, Van Nuys, Ca 91406, Usa
See Similar DealsMultiFamily410 SF
Sold 07/23/2020
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
BUYER
Details
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Deal Type
30 years
10 years
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
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