Updated Oct 28, 2024
Gould FL Jacob LLC Acquires Multifamily Property In Coral Springs For $5.5M
10120 Northwest 36th Court, Miami, Florida 33147, United States
$5,500,000
$239/SF
Building Size
22,942 SF
Asset Type
MultiFamily
Closing
Oct 3, 2022
About this deal
AI
Located in Coral Springs, the multifamily property at 10120 NW 36th Court has been sold for $5,500,000. The transaction, which took place on 10/04/2022, involved the sale of a 20-unit property with a total square footage of 22,942. The purchase price per unit was $275,000, and the price per square foot was $240. The property is situated in a bustling market, making it an attractive investment opportunity.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Units: 20
- Price per Unit (PPU): $275,000
- Total Square Footage: 22,942
- Price per Square Foot (PPSF): $240
The buyer of the property is Gould FL Jacob LLC. The transaction was facilitated by Marcus & Millichap, with Evan P. Kristol, Brandon J. Rex, and Austin Michels representing the buyer in the deal. Their expertise and negotiation skills played a crucial role in the successful completion of the transaction.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93