Marcus & Millichap Brokers Sell Multifamily Property In Sunrise For $8M
SOLD
$8,000,000
Florida
See Similar DealsMultiFamily720 SF
Sold 02/05/2021
SOLD
Marcus & Millichap Brokers Sell Multifamily Property In Sunrise For $8M
2330 Northwest 72nd Avenue, Sunrise, FL, USA
See Similar DealsMultiFamily720 SF
Sold 02/05/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$11,111
Total Square Footage:720 SF
Transaction Type:Sale
An $8 million multifamily property located at 2330-2350 NW 72nd Avenue in Sunrise has been sold. The transaction took place on February 5, 2021, with a total of 54 units. The price per unit for this sale was $148,148.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 2330-2350 NW 72nd Avenue
- Market: Sunrise
The sale was facilitated by Alec G. Bashein, Brandon J. Rex, and Evan P. Kristol from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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