Brandon Kochen & Richard E. Lamondin Acquire Pompano Beach Hotel For $5M
4211 Federal Highway, Pompano Beach, Florida 33308, United States
$5,000,000
$468/SF
Building Size
10,673 SF
Asset Type
Hotel
Closing
May 31, 2022
About this deal
AI
The hotel/motel/hostel/B&B located at 4211 N Federal Hwy in Pompano Beach, FL has been sold in a recent transaction. The property spans a total of 10,673 square feet, with a price per square foot of $468. The sale took place on June 1, 2022, and the transaction amount was $5,000,000.
Summary of transaction details
- Property Type: Hotel/Motel/Hostel/B&B
- Transaction Amount: $5,000,000
- Square Footage: 10,673
- Price per Square Foot: $468
- Address: 4211 N Federal Hwy, Pompano Beach, FL
The buyers of the property are Brandon Kochen and Richard E. Lamondin, while the sellers are Nishi Mallick and Shreya Mallick.
Pompano Beach Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93