Freedom Of Beach Florida LLC Acquires Multifamily Property In Pompano Beach For $3.6M
SOLD
$3,600,000
Florida
See Similar DealsMultiFamily8,247 SF
Sold 04/22/2021
SOLD
Freedom Of Beach Florida LLC Acquires Multifamily Property In Pompano Beach For $3.6M
1301 N Ocean Blvd, Pompano Beach, FL, USA
See Similar DealsMultiFamily8,247 SF
Sold 04/22/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$436
Total Square Footage:8,247 SF
Transaction Type:Sale
The multifamily property located at 1301 N Ocean Blvd in Pompano Beach has been sold for $3,600,000. The property spans a total of 8,247 square feet, resulting in a price per square foot of $437.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Address: 1301 N Ocean Blvd, Pompano Beach
- Market: Pompano Beach
The buyer of the property is 1301 Ocean LLC, Freedom Of Beach Florida LLC, and Beachamundo Florida LLC. They purchased the property from Arik Azulay & Rami Hayon.
Please note that no additional information is available regarding the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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