NEWARK — A Newark apartment complex has been bought at a price that’s well below its prior value, a possible indicator of a fading commercial and residential property market in the Bay Area.
The apartment hub, known as Dyln and located at 35750 Bettencourt St., was bought for $20.5 million, according to documents filed on July 16 with the Alameda County Recorder’s Office.
The purchase price is 41.6% below the most recently estimated value of $35.1 million, as reported by the Alameda County Assessor’s Office…