Updated Oct 28, 2024
Axonic Properties Acquires Multifamily In Pompano Beach For $25.4M
2801 North Course Drive, Pompano Beach, FL, USA
$25,390,000
$21,282/SF
Building Size
1,193 SF
Asset Type
MultiFamily
Closing
May 25, 2020
About this deal
AI
Located in Pompano Beach, the multifamily property at 2801 North Course Drive has been sold in a recent transaction. The property consists of 153 units and was sold for a total of $25,390,000. This amounts to a per unit price of $165,948. The sale was facilitated by brokers Yoav Yuhjtman, Roberto Pesant, and Jaret Turkell, representing the sellers Jorge Garcia-Sarraff and Ruben Garcia-Sarraff. Axonic Properties emerged as the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $25,390,000
- Address: 2801 North Course Drive
- Market: Pompano Beach
The sellers, Jorge Garcia-Sarraff and Ruben Garcia-Sarraff, were represented by brokers Yoav Yuhjtman, Roberto Pesant, and Jaret Turkell in this deal. Axonic Properties successfully acquired the property, solidifying their presence in the market.
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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93