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780 North 900 West, Salt La...

Berkadia Brokers Cody Kirkpatrick, Noam Franklin & Chinmay Bhatt Facilitate $33.5M Sale Of 418-Unit Multifamily Property In Salt Lake City, UT
SOLDMultiFamily

Berkadia Brokers Cody Kirkpatrick, Noam Franklin & Chinmay Bhatt Facilitate $33.5M Sale Of 418-Unit Multifamily Property In Salt Lake City, UT

780 North 900 West, Salt Lake City, Utah 84116, United States

$33,500,000

Building Size

Asset Type

MultiFamily

Closing

Oct 25, 2022

AI

The multifamily property located at 780 N 900 West in Salt Lake City, UT has been sold for a total price of $33,500,000. The property consists of 418 units, with an average per unit price of $80,144.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $33,500,000
  • Units: 418
  • Average Per Unit Price: $80,144
  • Location: 780 N 900 West, Salt Lake City, UT
  • Market: Salt Lake City, UT

The sale of the property was facilitated by Cody Kirkpatrick, Noam Franklin, and Chinmay Bhatt from Berkadia. They acted as brokers in the transaction, representing the buyer and the seller.

Players

Noam Franklin

Berkadia

Broker

$780.2M

vol

20 deals

Broker

Salt Lake 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

0.47%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93