Updated Dec 20, 2023
Bill Jamal Acquires Hallandale Multifamily From Juan Carlos Petrizzo For $4.85M
108 Northwest 2nd Avenue, Hallandale Beach, Florida 33009, United States
$4,850,000
$209/SF
Building Size
23,102 SF
Asset Type
MultiFamily
Closing
May 18, 2022
About this deal
AI
Located in Hallandale, the multifamily property at 108-128 NW 2nd Ave & 102-108 NW 1st St has been sold in a recent transaction. The deal was finalized on May 19, 2022.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $4,850,000
- Units: 24
- Price per Unit (PPU): $202,083
- Square Footage: 23,102
- Price per Square Foot (PPSF): $210
- Market: Hallandale
The buyer of the property is Bill Jamal, while the seller is Juan Carlos Petrizzo. The transaction was facilitated by the brokers Ryan Wold, Dan Dratch, and Greg Matus of Franklin Street.
Players
Hallandale Beach 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
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93