Robin Cruise Acquires Multifamily Property In Pompano Beach From Miscary Pierre For $1.85M
SOLD
$1,850,000
+ 1
Florida
See Similar DealsMultiFamily7,711 SF
Sold 03/31/2022
SOLD
Robin Cruise Acquires Multifamily Property In Pompano Beach From Miscary Pierre For $1.85M
240 Sw 8th St
See Similar DealsMultiFamily7,711 SF
Sold 03/31/2022
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$239
Total Square Footage:7,711 SF
Lot Square Footage:13196 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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