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10151 Nw 35th St

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

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

Evan Kristol

Marcus & Millichap

Broker

$416.7M

vol

60 deals

Broker
Austin M. Michels
Verified Badge

Austin M. Michels

Marcus & Millichap

Broker

$142.1M

vol

32 deals

Broker

Laszlo Barath

Buyer
Buyer

Ronald Balsamo

Seller
Seller

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