Senior Apartment Team
Linda Fritz-Salazar
Associate Broker


Call 602 759 1204


Email
Scott Trevey, CCIM
Senior Associate


Call 480 205 0862


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Weekly Apartment Closing Update through  June 1, 2 018


Property Name
Address
City
No Units
SF
Sales Price
Price/SF
Unit SF Ave.
Sale Date
Year Built
Unit
Price
Unit Mix, % Down Payment, Lender; Previous Sale Date and Amount

4328 N. Longview
Phoenix
10
5,827
$775,000
$133.00
583 SF
5/25/2018
1958

$77,500
1-0/1, 7-1/1's, 2-2/2's; Cash Sale & then Borrowed $180,113 from Waterstone Mortgage; Last Sale: 01/2015 $309,900
The V on 26th
4241 N. 26th Street
Phoenix
11
6,769
$1,900,000
$280.69
615 SF
5/29/2018
1962

$172,727
7-1/1's, 4-2/1's; Renovated 2017/2018; 26% Down; New Loan: Opus Bank; Last Sale: 05/2017 $935,000
15th Avenue
10231 N. 15th Avenue
Phoenix
12
8,321
$820,000
$98.55
693 SF
5/25/2018
1964

$68,333
All 2/1's; 30% Down; New Loan: Wash Fed; Last Sale: 04/2017 $605,000
Verde
17950 N. 68th Street
Scottsdale
204
176,555
$39,500,000
$223.73
865 SF
5/31/2018
2009

$193,627
60-1/1's, 123-2/2's, 21-3's; 46% Down; New Freddie Mac Loan; Last Sale (REO) 11/2013 $30,050,000
Coronado
743 E. Coronado
Phoenix
12
9,358
$1,560,000
$166.70
780 SF
5/31/2018
1951, 1980

$130,000
2-0/1's, 4-1/1's, 6-2/1's; 36% Down; New Loan: Opus Bank; Last Sale: 09/2015 $800,000

There were another five sales of properties with less than ten units.  Looks like several were purchased for renovation. 
 It's getting harder to find product



Data Source: CoStar, BREW, Vizzda plus personal information

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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.

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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