AJS Equities Acquires Multifamily Property In Oklahoma City For $19.95M
SOLD
$19,950,000
Oklahoma
See Similar DealsMultiFamily
Sold 05/12/2022
SOLD
AJS Equities Acquires Multifamily Property In Oklahoma City For $19.95M
1000 South Cornwell Drive, Yukon, Oklahoma 73099, United States
See Similar DealsMultiFamily
Sold 05/12/2022
Summary
OKLAHOMA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 1000 Cornwell Dr. in Oklahoma City has been sold for a total of $19,950,000. The property comprises 233 units, with a per unit price of $85,622. Covering an area of 12 acres, this property offers a significant investment opportunity in the Oklahoma City market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,950,000
- Address: 1000 Cornwell Dr.
- Market: Oklahoma City
- Acres: 12
AJS Equities, represented by Abe Serouya and Sonny Safdeye, acted as the buyer in this transaction. The seller in this deal was Merrit Fami@dew_jsu. The brokerage services were provided by David Dirkschneider of Capstone. This sale represents a significant investment by AJS Equities in the multifamily market, facilitated by their trusted broker representative, David Dirkschneider.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,063,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$70,878.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,573.18
Annual Debt Service$1,134,878.14
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