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276 Polk Avenue, Cape Canav...

Updated Oct 28, 2024

Yusuf R. Squires & Johnny Pullman Broker $2.7M Cape Canaveral Multifamily Sale
SOLDMultiFamily

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

Yusuf Squires

Properties In Town

Broker

$19.1M

vol

4 deals

Broker

Cape Canaveral MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $258 per square foot on a published $2.7M for 10,442 square feet (2022).

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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

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