Zalman Skoblo & Zvi Jacobowitz Acquire Living Facility In Margate & Davie For $12.7M
Margate
Building Size
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Asset Type
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Closing
Dec 18, 2022
AI
The living facility located at 6810 Southwest Seventh Street & 4681 Southwest 66th Avenue in Margate & Davie was sold for $12,700,000. The property consists of 131 beds with a price per bed of $96,947.
Summary of transaction details:
- Property Type: Living Facility
- Transaction Amount: $12,700,000
- Address: 6810 Southwest Seventh Street & 4681 Southwest 66th Avenue
- Market: Margate & Davie
- Buyer: Zalman Skoblo & Zvi Jacobowitz
- Seller: PrivCap Companies - Donny Cohen
- Seller's Rep: John DeMarco & Wesley Suskind - The DeMarco Real Estate Group - RE/MAX
- Beds: 131
- Price Per Bed: $96,947
Zalman Skoblo & Zvi Jacobowitz acquired the living facility from PrivCap Companies, with Donny Cohen as the seller representing PrivCap Companies. John DeMarco & Wesley Suskind from The DeMarco Real Estate Group at RE/MAX served as the seller's representatives in the transaction.
Players
Thanet District CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93