Brian Kim, John Prete, And Thomas Jack Acquire Multifamily Property In Pompano Beach, FL For $17.3M
2071 West Atlantic Boulevard, Pompano Beach, Florida 33069, United States
$17,335,973
$95/SF
Building Size
181,179 SF
Asset Type
MultiFamily
Closing
Jan 18, 2022
AI
The multifamily property located at 2001-2071 W Atlantic Blvd in Pompano Beach, FL was recently sold in a closed transaction. The property spans a total of 181,179 square feet and was sold for a price of $17,335,973, resulting in a price per square foot of $95.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $17,335,973
- Square Footage: 181,179
- Price Per Square Foot: $95
- Address: 2001-2071 W Atlantic Blvd, Pompano Beach, FL
The buyers of the property are Brian Kim, John Prete, and Thomas Jack. The seller, on the other hand, is Leon J Wolfe.
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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93