facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

158 W 28th St West Palm Bea...

Oscar Bercovich Acquires MultiFamily In Riviera Beach For $2.1M
SOLDMultiFamily

Oscar Bercovich Acquires MultiFamily In Riviera Beach For $2.1M

158 W 28th St West Palm Beach, FL 33404, USA

$2,100,000

$212/SF

Building Size

9,884 SF

Asset Type

MultiFamily

Closing

Jul 17, 2023

AI

A multi-family property located at 158, 170, and 182 West 28th Street in Riviera Beach has been sold. The property consists of 12 units with a total square footage of 9,884. The sale price for the property was $2,100,000, resulting in a price per unit of $175,000 and a price per square foot of $212.

Summary of Transaction Details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,100,000
  • Units: 12
  • Price Per Unit: $175,000
  • Square Footage: 9,884
  • Price Per Square Foot: $212
  • Address: 158, 170, 182 West 28th Street, Riviera Beach

Oscar Bercovich is the buyer of the property, while Menachem Tiefenbrun is the seller. Alejandro Gershanik from BM2 Realty acted as the buyer's representative in the deal. On the other hand, Alec Bashein and Travis Jones from Horvath & Tremblay represented the seller, Menachem Tiefenbrun.

Players

Travis Jones

Horvath & Tremblay

Broker

$45.5M

vol

9 deals

Broker

Menachem Tiefenbrun

Seller

$8.4M

vol

4 deals

Seller

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93