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The Newport

150 East 16th Avenue, Vancouver

SOLD $9,300,000

Price $9,400,000
Property type Apartment building
Units 27
Storeys 3
Year built 1967
Lot size 132’ × 132’ (17,424 SF)
Zoning RM-4N
Price per unit $348,148
Cap rate 3.3%
Gross income multiplier 21.6
Parking 19 surface stalls at rear (4 are covered)
PID 010-184-422, 010-184-449, 010-184-465
Legal description Lots 16-18 Block 58 District Lot 302 Plan 516
Sale price $9,300,000
Sale date 04/14/2021

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