Laszlo Barath Purchases MultiFamily Property From Ronald Balsamo In Coral Springs For $2M
10151 Nw 35th St & 10331 Nw 35th St
$2,000,000
$91/SF
Building Size
21,844 SF
Asset Type
MultiFamily
Closing
Nov 15, 2024
AI
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
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93