Denis Barreto Jr Acquires Multifamily Property In Coral Springs For $22.5M
2940 Forest Hills Boulevard, Coral Springs, Florida 33065, United States
$22,500,000
$215/SF
Building Size
104,519 SF
Asset Type
MultiFamily
Closing
Mar 10, 1922
AI
Located at 2920-2940 Forest Hills Blvd in Coral Springs, FL, this multifamily property was recently sold in a closed transaction. The property spans a total of 104,519 square feet and was sold for a price of $22,500,000, resulting in a price per square foot of $215.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,500,000
- Address: 2920-2940 Forest Hills Blvd, Coral Springs, FL
- Market: Coral Springs, FL
In this deal, Denis Barreto Jr acted as the buyer, while Eric R Wiener represented the seller.
Coral Springs MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93