Updated Oct 29, 2024
AJS Equities Acquires Multifamily Property On West Wilshire Blvd For $10.8M
6370 West Wilshire Boulevard
$10,800,000
$74/SF
Building Size
144,200 SF
Asset Type
MultiFamily
Closing
Dec 22, 2022
About this deal
AI
A multifamily property located at 6370 West Wilshire Boulevard in Oklahoma City, OK has been sold in a closed transaction. The property consists of 150 units with a total square footage of 144,200. The sale price for this transaction was $10,800,000, resulting in a price per unit of $72,000 and a price per square foot of $75.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,800,000
- Units: 150
- Price Per Unit: $72,000
- Square Footage: 144,200
- Price Per Square Foot: $75
- Address: 6370 West Wilshire Boulevard, Oklahoma City, OK
- Market: Oklahoma City, OK
The buyer for this transaction is AJS Equities, represented by Abe Serouya & Sonny Safdeye, while El Centro Marketplace, represented by Mike McLean, acted as the seller.
Players
Oklahoma City 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93