Andres Guzman Acquires Multifamily Property In Lighthouse Point, FL For $5.04M
2201 NE 36th St, Lighthouse Point, FL 33064
$5,040,000
$268/SF
Building Size
18,800 SF
Asset Type
MultiFamily
Closing
Dec 23, 2021
AI
An multifamily property located at 2201 Northeast 36th Street in Lighthouse Point, FL has been sold for $5,040,000. The property consists of 24 units with an average price per unit of $210,000. The total square footage of the property is 18,800 and the price per square foot is $268.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $5,040,000
- Units: 24
- Average Price per Unit: $210,000
- Square Footage: 18,800
- Price per Square Foot: $268
- Date: 12/23/2021
- Market: Lighthouse Point, FL
The buyer of the property is Andres Guzman, while Michael Noone is the seller. The deal was facilitated by brokers Adam Duncan, Joseph Thomas, and AJ Stanford from Marcus & Millichap.
Players
Lighthouse Point 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
3.15%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93