Mike Talla, Brett Talla & Jared Talla Acquires 22-Unit Multifamily In Pompano Beach For $4.77M
116 S Riverside Dr, Pompano Beach, FL, USA
$4,770,000
$253/SF
Building Size
18,800 SF
Asset Type
MultiFamily
Closing
Mar 2, 2021
AI
The multifamily property located at 116 S Riverside Dr in Pompano Beach has been sold. The property spans 18,800 square feet and consists of 22 units. It was built in 1970 and sits on a 0.54-acre lot. The sale price for this transaction was $4,770,000, resulting in a price per square foot of $254. The property was listed for an asking price of $4,900,000. The buyer of the property is Mike Talla, Brett Talla, and Jared Talla, while the sellers are Daniel Lebensohn, Gregory Freedman, and Yury Gnesin.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,770,000
- Address: 116 S Riverside Dr, Pompano Beach
- Market: Pompano Beach
- Square Footage: 18,800
- Units: 22
- Asking Price: $4,900,000
- Price per Square Foot: $254
- Buyer: Mike Talla, Brett Talla, and Jared Talla
- Seller: Daniel Lebensohn, Gregory Freedman, and Yury Gnesin
The sale transaction was facilitated by brokers Dan Dratch, Greg Matus, Travis Jones, Ryan Wold, and Joseph Landsberg from Franklin Street (@franklinstreet_sfl), who represented the respective parties involved in the deal.
Players
Pompano 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
3.33%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93