Updated Sep 5, 2024
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
About this deal
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.
The multifamily sale at 2330 Northwest 72nd Avenue, Sunrise, FL, USA in Sunrise, Florida sold for $8M in 2021. Reported inventory is 720 square feet across 54 units, or about 11.1K per square foot. Brandon Rex, Alec Bashein, Evan Kristol, Horvath & Tremblay appear on the sale alongside Horvath & Tremblay, Marcus & Millichap. This page is the Sunrise, Florida file for the 2330 Northwest 72nd Avenue, Sunrise, FL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Sunrise sit in the Market section below. Filter that Sunrise multifamily set by closing date to see what else sold near 2330 Northwest 72nd Avenue, Sunrise, FL, USA around 2021. Published consideration for 2330 Northwest 72nd Avenue, Sunrise, FL, USA is $8M, dated 2021. Cite this Marcus & Millichap Brokers Sell Multifamily Property In Sunrise For $8M sale when underwriting similar multifamily product around Sunrise, Florida.
Players
Sunrise 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93