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Laszlo Barath Purchases MultiFamily Property From Ronald Balsamo In Coral Springs For $2M

Property Image
SOLD
$2,000,000
Austin M. Michels
Brandon Rex
Evan Kristol

Florida

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MultiFamily21,844 SF
Sold 11/15/2024
the dealplayerscompscontact
Property Image
SOLD

Laszlo Barath Purchases MultiFamily Property From Ronald Balsamo In Coral Springs For $2M

10151 Nw 35th St & 10331 Nw 35th St

See Similar Deals
MultiFamily21,844 SF
Sold 11/15/2024
Austin M. Michels
Brandon Rex
Evan Kristol
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$91
Total Square Footage:21,844 SF
Lot Square Footage:23618 SF
Transaction Type:Sale

The asset involved in the transaction is a MultiFamily property located at 10151 Nw 35th St in the Coral Springs market. The property has a total square footage of 10,922 and was sold for $2,000,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,000,000.00
  • Address: 10151 Nw 35th St
  • Market: Coral Springs
  • Square Footage: 10,922
  • Buyer: Laszlo Barath
  • Seller: Ronald Balsamo
  • Brokers: Austin Michels - Marcus & Millichap, Evan Kristol - Marcus & Millichap, Brandon Rex - Marcus & Millichap

The deal included key individuals representing both sides, with Laszlo Barath as the buyer and Ronald Balsamo as the seller. The transaction was facilitated by three brokers from Marcus & Millichap: Austin Michels, Evan Kristol, and Brandon Rex.

Players

Evan Kristol
Marcus & Millichap
Evan Kristol
59 deals$415.5M volume
BROKER
Brandon Rex
Marcus & Millichap
Brandon Rex
25 deals$191.8M volume
BROKER
Austin M. Michels
Marcus & Millichap
Austin M. Michels
32 deals$142.1M volume(954) 245-3439
BROKER
LB
Laszlo Barath
BUYER
RB
Ronald Balsamo
SELLER

Details

SOLD
IMAGE: 11/15/2024 ADDRESS: 10151 Nw 35th St MARKET: Coral Springs ASSET TYPE: MultiFamily BROKERS: Austin Michels(Marcus & Millichap), Evan Kristol(Marcus & Millichap), Brandon Rex(Marcus & Millichap) BUYER: Laszlo Barath SELLER: Ronald Balsamo PRICE: $2,000,000.00 SF: 10922.0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24