The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy Jetson who wrote (6310)	10/28/2002 3:38:54 PM
From: Michael Sphar	Read Replies (1) of 306849

Looking at this transaction a little deeper, assuming the aforementioned 2800 sq ft per unit average is half that, then the metrics are $92K per unit, $65 per sq ft, and a GRM of 10.96. These are considered pretty nice numbers up here in Northern Calif. Looks like the buyer is going to do okay. If he could bump that GRM up to say 13, he'll make a killing. That is not a rent control city is it? Recently, I was looking at a list of 10 six to fourteen unit buildings that sold in the last six months in San Francisco. Their metrics average to: $194,222 per unit, $234 per square foot, $59,764 price per room, and a GRM of 11.73. SF is a rent control city.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next