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Andres Guzman Acquires Multifamily Property In Lighthouse Point, FL For $5.04M

Property Image
SOLD
$5,040,000
Adam Duncan
AJ Stanford
Joseph Thomas

Florida

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MultiFamily18,800 SF
Sold 12/23/2021
the dealplayerscompscontact
Property Image
SOLD

Andres Guzman Acquires Multifamily Property In Lighthouse Point, FL For $5.04M

2201 NE 36th St, Lighthouse Point, FL 33064

See Similar Deals
MultiFamily18,800 SF
Sold 12/23/2021
Adam Duncan
AJ Stanford
Joseph Thomas
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$268
Total Square Footage:18,800 SF
Transaction Type:Sale

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

AJ Stanford
Marcus & Millichap
AJ Stanford
11 deals$103M volume(954) 245-3503
BROKER
Adam Duncan
Marcus & Millichap
Adam Duncan
26 deals$170.8M volume
BROKER
Joseph Thomas
Marcus & Millichap
Joseph Thomas
53 deals$372.9M volume
BROKER
RM
Rental Asset Management
BUYER

Details

SOLD
IMAGE: Joseph Thomas, Adam Duncan & AJ Stanford DATE: 12/23/2021 ADDRESS: 2201 Northeast 36th Street MARKET: Lighthouse Point, FL ASSET TYPE: Multifamily BUYER: Andres Guzman SELLER: Michael Noone BROKERS: Adam Duncan, Joseph Thomas & AJ Stanford - Marcus & Millichap SALE PRICE: $5,040,000 UNITS: 24 ~ PPU: $210,000 SF: 18,800 ~ PPSF: $268

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$268,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,906.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,892.17
Annual Debt Service$286,706.06