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1000 South Cornwell Drive, ...

Updated Oct 28, 2024

AJS Equities Acquires Multifamily Property In Oklahoma City For $19.95M
SOLDMultiFamily

AJS Equities Acquires Multifamily Property In Oklahoma City For $19.95M

1000 South Cornwell Drive, Yukon, Oklahoma 73099, United States

$19,950,000

Units

233

Asset Type

MultiFamily

Closing

May 11, 2022

About this deal

AI

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.

Players

David Dirkschneider

Broker

$20M

vol

1 deal

Broker
Abe Serouya

Abe Serouya

AJS Equities

Buyer

$51.1M

vol

4 deals

Buyer

Yukon MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $85.6K per unit across 233 units on a published $20M (2022).

Visit Abe Serouya to view all their deals.

Browse Oklahoma multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.80%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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