Alejandro Leiter & Robert Rodriguez Acquire Hallandale, FL Apartment For $2.57M
SOLD
$2,575,000
Florida
See Similar DealsMultiFamily14,818 SF
Sold 02/02/2022
SOLD
Alejandro Leiter & Robert Rodriguez Acquire Hallandale, FL Apartment For $2.57M
310 West Hallandale Beach Boulevard, Hallandale Beach, Florida 33023, United States
See Similar DealsMultiFamily14,818 SF
Sold 02/02/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$173
Total Square Footage:14,818 SF
Transaction Type:Sale
The apartment property located at 300-310 W Hallandale Beach Blvd in Hallandale, FL has been sold in a transaction that took place on February 2, 2022. The property encompasses a total space of 14,818 square feet and was sold at a price of $2,575,000, resulting in a price per square foot of $174.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $2,575,000
- Address: 300-310 W Hallandale Beach Blvd, Hallandale, FL
- Market: Hallandale, FL
- Buyer: Alejandro Leiter & Robert Rodriguez
- Seller: Michelle Milgram Robinson & Scott Milgram & Charlotte Milgram
- Total Square Footage: 14,818
- Price per Square Foot: $174
Alejandro Leiter and Robert Rodriguez were the buyers in this transaction, while Michelle Milgram Robinson, Scott Milgram, and Charlotte Milgram were the sellers. The deal represents a significant investment opportunity in the Hallandale, FL market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$137,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,148.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,206.81
Annual Debt Service$146,481.76
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