Danny Spiwak, @MikeHanassab, Elliot Hassan & @JohnKatnik Represented In $1.425M Multifamily Sale
SOLD
$1,425,000
New York
See Similar DealsMultiFamily4,958 SF
Sold 09/16/2020
SOLD
Danny Spiwak, @MikeHanassab, Elliot Hassan & @JohnKatnik Represented In $1.425M Multifamily Sale
7045 Whitsett Ave, North Hollywood, Ca 91605, Usa
See Similar DealsMultiFamily4,958 SF
Sold 09/16/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$287
Total Square Footage:4,958 SF
Transaction Type:Sale
A multifamily property located at 7045 Whitsett Ave in North Hollywood has been sold for a price of $1,425,000. The property spans across 4,958 square feet, resulting in a price per square foot of $287.41. This asset consists of 6 units, with each unit being valued at approximately $237,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,425,000
- Address: 7045 Whitsett Ave
- Market: North Hollywood
- Square Footage: 4,958
- Price per Square Foot: $287.41
- Number of Units: 6
- Price per Unit: $237,500
The transaction was facilitated by brokers Danny Spiwak, @MikeHanassab, Elliot Hassan, and @JohnKatnik, representing James Capital Advisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,062.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,755.23
Annual Debt Service$81,062.72
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