Updated Oct 28, 2024
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
Yukon 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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93