Robin Cruise Acquires Multifamily Property In Pompano Beach From Miscary Pierre For $1.85M
240 Sw 8th St
$1,850,000
$239/SF
Building Size
7,711 SF
Asset Type
MultiFamily
Closing
Mar 31, 2022
AI
The property asset involved in the transaction is a MultiFamily unit located at 240 Sw 8th St in the Pompano Beach market. The sale price for this asset was $1,850,000.00, and it encompasses a total area of 7,711 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,850,000.00
- Address: 240 Sw 8th St
- Market: Pompano Beach
- Square Footage: 7,711.0
- Buyer: Robin Cruise
- Seller: Miscary Pierre
- Broker Representatives: Austin Michels - Marcus & Millichap, Brandon Rex - Marcus & Millichap, Evan Kristol - Marcus & Millichap
The individuals involved in the transaction include the buyer, Robin Cruise, and the seller, Miscary Pierre. The brokers representing the deal are Austin Michels, Brandon Rex, and Evan Kristol, all affiliated with Marcus & Millichap.
Players
Pompano Beach 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93