Brian Kim, John Prete, And Thomas Jack Acquire Multifamily Property In Pompano Beach, FL For $17.3M
SOLD
Florida
See Similar DealsMultiFamily181,179 SF
Sold 01/19/2022
SOLD
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
See Similar DealsMultiFamily181,179 SF
Sold 01/19/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$95
Total Square Footage:181,179 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$924,585.22
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,591.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,181.36
Annual Debt Service$986,176.28
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