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2201 NE 36th St, Lighthouse...

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

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

AJ Stanford

Marcus & Millichap

Broker

$103M

vol

11 deals

Broker
RM
Rental Asset ManagementBuyer

Lighthouse Point 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

3.15%

Cash-on-Cash

-0.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93