Updated Oct 28, 2024
Yusuf R. Squires & Johnny Pullman Broker $2.7M Cape Canaveral Multifamily Sale
276 Polk Avenue, Cape Canaveral, Florida 32920, United States
$2,700,000
$258/SF
Building Size
10,442 SF
Asset Type
MultiFamily
Closing
Nov 3, 2022
About this deal
AI
The multifamily property located at 276 Polk Ave in Cape Canaveral, FL has been sold for $2,700,000. The sale, which took place on 11/04/2022, involved a total of 12 units with a price per unit of $225,000. The property spans across 10,442 square feet, resulting in a price per square foot of $259. The seller in this transaction was Yossi Edelkopf from Alya Equities, while the buyer was represented by Yusuf R. Squires from Properties In Town. Johnny Pullman, a multifamily investment advisor, acted as the seller's representative.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 12
- Price per Unit: $225,000
- Square Footage: 10,442
- Price per Square Foot: $259
- Market: Cape Canaveral, FL
Yusuf R. Squires from Properties In Town represented the buyer in this transaction, while Johnny Pullman acted as the seller's representative. This successful sale showcases the collaborative efforts of these key individuals and their respective agencies.
Players
Cape Canaveral 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93