Updated Sep 5, 2024
Adam Levin Of Levin Johnston - Marcus & Millichap Brokers $23.6M Hayward Multifamily Sale
23972 Second St & 29371 Dixon St.
$23,600,000
Units
23,600,000
Asset Type
MultiFamily
Closing
Mar 6, 2023
About this deal
AI
The multifamily property located at 23972 Second St & 29371 Dixon St. in Hayward has been sold for a total price of $23,600,000. The transaction took place on 03/06/2023. This asset consists of 86 units, with a price per unit (PPU) of $274,419. The property is situated in the Hayward market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $23,600,000
- Units: 86
- Price Per Unit (PPU): $274,419
- Address: 23972 Second St & 29371 Dixon St., Hayward
- Market: Hayward
The transaction was facilitated by Adam Levin from Levin Johnston - Marcus & Millichap, who served as the broker in this deal.
Players
Lafferty 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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93