Dr. Mohammed Rasekhi & Sheila Busheri Acquire Long Beach Multifamily For $1.57M
SOLD
$1,570,001
+ 1
New York
See Similar DealsMultiFamily5,000 SF
Sold 07/24/2020
SOLD
Dr. Mohammed Rasekhi & Sheila Busheri Acquire Long Beach Multifamily For $1.57M
1627 E Anaheim St, 1325 Gaviota Ave
See Similar DealsMultiFamily5,000 SF
Sold 07/24/2020
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$314
Total Square Footage:5,000 SF
Transaction Type:Sale
The multifamily property located at 1627 E Anaheim St, Long Beach, was sold in a closed transaction for a price of $1,570,000. The property spans across 5,000 square feet, resulting in a price per square foot of $314.00.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,570,000
- Address: 1627 E Anaheim St, Long Beach
- Market: Long Beach
The buyer of the property is Dr. Mohammed Rasekhi and Shelia Busheri, while the seller is Palo Plesnik and Crystal Huang. The deal was facilitated by brokers Aaron Goodman, Ryan Serling, Martin Agnew, and Raffaele Suprano from the Agnew Serling Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$83,733.39
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,577.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,442.61
Annual Debt Service$89,311.27
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