Freedom Of Beach Florida LLC Acquires Multifamily Property In Pompano Beach For $3.6M
1301 N Ocean Blvd, Pompano Beach, FL, USA
$3,600,000
$436/SF
Building Size
8,247 SF
Asset Type
MultiFamily
Closing
Apr 21, 2021
AI
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.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93