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2816 Coral Springs Drive

Giovanna Jifkins Acquires Multifamily Property From Michael Oliver In Coral Springs For $1.1M
SOLDMultiFamily

Giovanna Jifkins Acquires Multifamily Property From Michael Oliver In Coral Springs For $1.1M

2816 Coral Springs Drive

$1,100,000

$193/SF

Building Size

5,692 SF

Asset Type

MultiFamily

Closing

Feb 17, 2026

AI

The property asset involved in the transaction is a multifamily building located at 2816 Coral Springs Drive in Coral Springs. It consists of 6 units with a total square footage of 5,692. The sale price was $1,100,000, resulting in a per-unit price of $183,333 and a price per square foot of $193.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Address: 2816 Coral Springs Drive
  • Market: Coral Springs
  • Units: 6
  • Square Footage: 5,692
  • Price Per Unit: $183,333
  • Price Per Square Foot: $193
  • Buyer: Giovanna Jifkins
  • Seller: Michael Oliver
  • Broker: Austin M. Michels - Marcus & Millichap

The key individuals involved in this transaction include the buyer, Giovanna Jifkins, and the seller, Michael Oliver. The transaction was facilitated by broker Austin M. Michels from Marcus & Millichap, representing the interests of the parties in the deal.

Players

Austin M. Michels
Verified Badge

Austin M. Michels

Marcus & Millichap

Broker

$142.1M

vol

32 deals

Broker

Michael Oliver

Seller

$4.3B

vol

69 deals

Seller

Coral Springs 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93