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Multi-Family Real Estate Recent Commercial Sales

Recent Sale: 1622 Vine Street, Vancouver

themarilynAnother Goodman apartment sale, this one situated in Kitsilano on the southeast corner of Vine Street and York Avenue and named The Marilyn. York Avenue is just one block north of 1st Avenue right before Cornwall. The marketing for the property claimed below market rents and spectacular views. The apartment building features 8 suites with a net income of $85,665 based on March 2009 rentroll. Asking price for the property was $2,495,000 which represents a 3.4% cap rate, and the selling price was $2,120,000, which works out to approximately a 4% capitalization rate.

Files:
Original Brochure for the Marilyn

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