facebook
Traded Co logo
Submit

Mike Talla, Brett Talla & Jared Talla Acquires 22-Unit Multifamily In Pompano Beach For $4.77M

Property Image
SOLD
$4,770,000
Greg Matus
Dan Dratch
+ 4

Florida

See Similar Deals
MultiFamily18,800 SF
Sold 03/03/2021
the dealplayerscompscontact
Property Image
SOLD

Mike Talla, Brett Talla & Jared Talla Acquires 22-Unit Multifamily In Pompano Beach For $4.77M

116 S Riverside Dr, Pompano Beach, FL, USA

See Similar Deals
MultiFamily18,800 SF
Sold 03/03/2021
Greg Matus
Dan Dratch
+ 4
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$253
Total Square Footage:18,800 SF
Transaction Type:Sale

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

Greg Matus
39 deals$386.5M volume
BROKER

Travis Jones
Horvath & Tremblay
9 deals$45.5M volume
BROKER

Dan Dratch
Franklin Street
48 deals$267.8M volume
BROKER

Ryan Wold
Franklin Street
40 deals$210.5M volume(954) 312-1678
BROKER

Joseph Landsberg
TKG Commerical
6 deals$51.2M volume(561) 405-0643
BROKER


Daniel Lebensohn
3 deals$233.8M volume
SELLER

Details

SOLD
IMAGE: Travis Jones, Greg Matus, Dan Dratch, Ryan Wold & Joseph Landsberg DATE: 03/03/2021 ADDRESS: 116 S Riverside Dr MARKET: Pompano Beach ASSET TYPE: Multifamily BUYER: Mike Talla, Brett Talla & Jared Talla SELLER: Daniel Lebensohn, Gregory Freedman & Yury Gnesin BROKERS: Dan Dratch, Greg Matus, Travis Jones, Ryan Wold & Joseph Landsberg - Franklin Street @franklinstreet_sfl ASKING PRICE: $4,900,000 SALE PRICE: $4,770,000 SF: 18,800 ~ PPSF: $254 UNITS: 22 ~ PPU: $216,818 ACRES: 0.54 Year Built: 1970

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$254,400.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,946.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,612.23
Annual Debt Service$271,346.80