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240 Sw 8th St

Robin Cruise Acquires Multifamily Property In Pompano Beach From Miscary Pierre For $1.85M
SOLDMultiFamily

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

Evan Kristol

Marcus & Millichap

Broker

$415.5M

vol

59 deals

Broker
Austin M. Michels
Verified Badge

Austin M. Michels

Marcus & Millichap

Broker

$142.1M

vol

32 deals

Broker

Robin Cruise

Buyer

$19.5M

vol

3 deals

Buyer

Miscary Pierre

Seller
Seller

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