Kenneth Jefferson Sells 12-Unit Property On W 28th St For $1.74M With Broker Michael Monempour

A 12-unit property located at 4037 W 28th St has been sold for $1,740,000. The property has a price per unit of $145,000 and a price per square foot of $194. The Gross Rent Multiplier (GRM) for this transaction is 11.5, and the Capitalization Rate (CAP) is 6.2%. The seller in this undisclosed transaction is Kenneth Jefferson and the buyer remains undisclosed as well. The transaction was facilitated by broker Michael Monempour of Kidder Mathews.

Summary of transation details

• Property Type: 12-unit property
• Transaction Amount: $1,740,000
• Price per Unit: $145,000
• Price per Square Foot: $194
• Gross Rent Multiplier (GRM): 11.5
• Capitalization Rate (CAP): 6.2%
• Seller: Kenneth Jefferson
• Buyer: Undisclosed
• Broker: Michael Monempour of Kidder Mathews

This successful transaction showcases the demand for multi-unit properties in the market.