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10120 Northwest 36th Street

Rodolfo Rodriguez-Duret Acquires Coral Springs Multifamily Property From Keith Gould For $5.25M
SOLDMultiFamily

Rodolfo Rodriguez-Duret Acquires Coral Springs Multifamily Property From Keith Gould For $5.25M

10120 Northwest 36th Street

$5,250,000

$228/SF

Building Size

22,942 SF

Asset Type

MultiFamily

Closing

Jan 21, 2025

AI

The property asset involved in the transaction is a 20-unit apartment complex located at 10120 Northwest 36th Street in Coral Springs. The multifamily asset spans 1.09 acres and was built in 1975. The transaction price for the property was $5,250,000, with a price per unit of $262,500 and a price per square foot of $229, based on a total square footage of 22,942.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,250,000
  • Address: 10120 Northwest 36th Street
  • Market: Coral Springs
  • Units: 20
  • PPU: $262,500
  • SF: 22,942
  • PPSF: $229
  • Buyer: Rodolfo Rodriguez-Duret
  • Seller: Keith Gould - Gould Investors
  • Brokers: Calum Weaver & Perry Synanidis - CBRE

In the transaction, Calum Weaver and Perry Synanidis represented the sale of the property. The seller, Keith Gould, is associated with Gould Investors, which previously acquired the property in October 2022 for $5.5 million.

Players

Calum Weaver

CBRE

Broker

$621.2M

vol

30 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Coral Springs 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

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93