Gary and Kristin’s attention to detail, professionalism and positive attitude proved invaluable in these two successful transactions. “The Avison Young Capital Markets team of Gary Lyons and Kristin McDonald provided outstanding guidance and service throughout the process of marketing, negotiating and the ultimate sale of two significant properties I had an ownership interest in. All three groups responded with improved offer terms with the winning bidder coming in at $14M, a 7-9% premium over the seller’s expectations. After a detailed review of all offers and buyer capabilities, the sellers narrowed the investor pool to three prospective buyers. The initial round of offers ranged in value from $12.5-13.3M. It was supported by market comps for area condos and utilized the traditional income valuation methodology. Fantastic apartment overlooking Passeig de Gracia, the most prestigious street in Barcelona. In addition to listing on all relevant online listing platforms, AY launched a large-scale marketing campaign targeting multifamily investors active in the southeast region.Ī Broker Price Opinion (BPO) provided by Avison Young prior to going to market came in at $12.8-13.0M. AY prepared a detailed offering memorandum with the combined financials of the 64 units to demonstrate the overall potential of these unique assets. The challenge was to identify an investor who would have sufficient vision for the property to be willing to work through the challenges and complexities of having to interact with the Property Owner’s Association (POA), the owners of the other 20 units in the complex, and a unique tenant pool.Īvison Young determined that the demand for both short-term and long-term rental property on the peninsula was extremely strong and that there was likely to be significant interest in the opportunity even though it was a “fractured condo” play. As it is situated directly across the street from the Medical University of South Carolina campus, most of the units in the property were being leased to medical students and staff at MUSC. With a total of 84 units in the property, these 64 units collectively represented a majority position in the property. Local amenities include Transportation close to public transport stations of BTS Punnawithi.Three (3) related owners approached Avison Young about the possibility of selling 64 condo units in the 40 Bee Street Flats property on the peninsula in Charleston. The Room Sukhumvit 64 at Bang Chak, Phra Khanong has the following facilities: fitness, swimming pool, parking and security. Compare 672 vacation condos, holiday apartments, townhomes, private villas, and more with Rent By Owner. Apartments Sixtyfour Barcelona - Within 1.7 km from the tree-lined Las Ramblas Pedestrian Street, the traditional Sixtyfour apartment offers airport. The Room Sukhumvit 64 has 8 floors and contains 23 total units, Units range from 1 bedroom to 1 bedroom. Strasbourg Museum of Modern and Contemporary Art, Condo Rentals. The Room Sukhumvit 64 is a condo project developed by Land and Houses Public Company, The Room Sukhumvit 64 construction was completed in 2008.
Sixtyfour condo free#
The condo features a swimming pool,gym,sauna,24h security and key card access, parking space for the condos and free shuttle bus service to Punnawithi BTS station and back to the condo. The Room condo on Sukhumvit 64 is a low rise building of 8 floors and 105 1 bedroom condo units of 39 - 46 sqm in size. Central Bangkok and Sukhumvit area is only 15 minutes train ride away.
The location of the condo makes you every day commute very easy accessible. The Room Sukhumvit 64 condo is situated on Sukhumvit soi 64 only 500 meters from Punnawithi BTS station on Sukhumvit road.
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