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South Gramercy Place Acquires 33-Unit Multifamily In Los Angeles For $8.55M

114 South Gramercy Place
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This MultiFamily property located in CA was sold for $8,550,000 almost 3 years ago. The brokers of the deal were Elliot Sabag, John Boyett, Jeff Louks, and Daniel (Dan) Withers

The multifamily property located at 114 S Gramercy Pl in Los Angeles has been sold for a total price of $8,550,000. The transaction, which took place on 05/14/2021, involved the sale of a building with 33 units. With a price per unit of $259,090, the property spans across 24,872 square feet, resulting in a price per square foot of $343. The buyer, represented by Jeff Louks & Elliot Sabag, is South Gramercy Place. On the other hand, the seller, 114 S GRAMERCY PLACE, was represented by Dan Withers & John Boyett.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,550,000
  • Units: 33
  • Price Per Unit: $259,090
  • Square Footage: 24,872
  • Price Per Square Foot: $343
  • Date: 05/14/2021
  • Market: Los Angeles

Notably, Jeff Louks & Elliot Sabag represented the buyer, South Gramercy Place, in this transaction. Meanwhile, Dan Withers & John Boyett acted as the seller's representatives for 114 S GRAMERCY PLACE.

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Deals
  • Location
    114 S Gramercy Pl, Los Angeles, CA, USA114 S Gramercy Pl, Los Angeles, CA, USA
  • Sale Price
    $8,550,000$8,550,000
    $343 PPSF$343 PPSF
  • Area
    24,872 SF24,872 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Elliot Sabag

Elliot Sabag

Deals8
Sold$65.6M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Dan Withers, John Boyett, Jeff Louks & Elliot Sabag DATE: 05/14/2021 ADDRESS: 114 S Gramercy Pl MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: South Gramercy Place SELLER: 114 S GRAMERCY PLACE BUYER’S REP: Jeff Louks & Elliot Sabag SELLER’S REP: Dan Withers & John Boyett SALE PRICE: $8,550,000 UNITS: 33 ~ PPU: $259,090 SF: 24,872 ~ PPSF: $343

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114 South Gramercy Place

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