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
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