Updated Sep 9, 2024
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
About this deal
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.
On the Map
$2,100,000
$212/SF
MultiFamily
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Players
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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