Updated Oct 29, 2024
Reflections Preservation LP Acquires Pompano Beach Multifamily For $14.5M
1300-1330 Banks Rd, Margate, FL 33063, USA
$14,500,000
$124/SF
Building Size
116,935 SF
Asset Type
MultiFamily
Closing
Jun 3, 2020
About this deal
AI
The multifamily property located at 1300-1330 Banks Rd in Pompano Beach, Margate, was recently sold on June 4, 2020. The property spans a total area of 116,935 square feet and was sold for a price of $14,500,000, resulting in a price per square foot of $124.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $14,500,000
- Square Footage: 116,935
- Price per Square Foot: $124
- Address: 1300-1330 Banks Rd, Pompano Beach, Margate
The buyer in this transaction was Reflections Preservation LP, while the seller was Matthew Finkle.
Players
Margate MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93