David Aronson Acquires Oakland Park Multifamily For $3.3M
476 NW 43rd St
Units
3,300,000
Asset Type
—
Closing
Jun 17, 2022
About this deal
AI
An 11-unit multifamily property located at 476 NW 43rd St in Oakland Park has been sold for $3,300,000. The transaction was completed on June 17, 2022. The property spans 15,400 square feet, with each unit valued at approximately $300,000. The price per square foot for the property is $214.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Address: 476 NW 43rd St, Oakland Park
- Market: Oakland Park
- Units: 11
- Price per Unit: $300,000
- Square Footage: 15,400
- Price per Square Foot: $214
The buyer of the property was David Aronson, and the seller was Thomas Smith. The transaction was facilitated by Austin Bergman of the Compass agency.
On the Map
Players
Miami 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