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Linda Fritz-Salazar
Associate Broker
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Scott Trevey, CCIM
Senior Associate
Call 480 205 0862
Email
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Weekly Apartment Closing Update through
October 26, 2018
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Property Name
Address
City |
No Units
SF |
Sales Price
Price/SF
Unit SF Avg. |
Sale Date
Year Built |
Unit
Price |
Unit Mix, % Down Payment, Lender; Previous Sale Date and Amount |
Village 38
3244 N. 38th Street
Phoenix |
13
10,620 |
$2,222,500
$209.28
817 SF |
10/19/2018
1969 |
$170,962 |
All 2/1's; 35% Down; New Freddie Mac Loan; Last Sale: 09/2016 $1,180,000 |
The Glen
6240 N. 63rd Avenue
Glendale |
136 of 200
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$9,490,000
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10/23/2018
1985 |
$73,566 |
Mix Unknown; 24% Down; Lender: Artemis Realty Capital; Another 24 Units purchased in separate transactions; Last Sale: 02/2015 $5,000,000 (129 Units) |
Urban 188
1601 W. Camelback
Phoenix |
188
94,482
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$17,000,000
$179.93
503 SF |
10/25/2018
1970 |
$90,426 |
109-0/1's, 78-1/1's, 1-2/2; M/M; 24% Down; New Freddie Mac Loan; Last Sale: 11/2015 $4,888,000 |
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Well, well, well.
This is the fourth week of four or fewer closings. Any concern out there? Do you think Banks are pushing back a little or interest rates are moving up a tad or even D/C ratios? I still think we're about ready for a big week. Sellers are still in the drivers seat, for now. We are watching this closely. As we all know, not much product being marketed.
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Data Source: CoStar, BREW, Vizzda plus personal information
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Map of Available Apartments
We keep track of all apartments advertised. The interactive map shows the location and amount of units. Please check out our interactive map or for more details or contact us at 602 677 0655.
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About Us
The Kasten Long Commercial Group has specialized in apartment brokerage in metro Phoenix since 1998. Our agents have brokered more than 1,000 communities with gross sales in excess of 1 billion dollars.
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Kasten Long Commercial Group
5110 N 40th Street, Suite 110 Phoenix, AZ 85018
Designated Broker - Jim Kasten, CCIM
602 445 4113 office - 602 677 0655 cell
Jim@KLCommGroup.com
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