Marcus & Millichap Brokers Sell Multifamily Property In Sunrise For $8M
2330 Northwest 72nd Avenue, Sunrise, FL, USA
$8,000,000
$11,111/SF
Building Size
720 SF
Asset Type
MultiFamily
Closing
Feb 4, 2021
AI
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.
Players
Sunrise 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93