Freddy & Joey Sayegh And Michael, Eli & Sam Matalon Acquire Multifamily Asset In Pompano Beach For $13.76M
SOLD
$13,764,000
Florida
See Similar DealsMultiFamily66,152 SF
Sold 09/24/2024
SOLD
Freddy & Joey Sayegh And Michael, Eli & Sam Matalon Acquire Multifamily Asset In Pompano Beach For $13.76M
3100 Northeast 1st Avenue
See Similar DealsMultiFamily66,152 SF
Sold 09/24/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$208
Total Square Footage:66,152 SF
Transaction Type:Sale
The multifamily asset located at 3100 Northeast 1st Avenue in Pompano Beach consists of a total square footage of 66,152. The property was sold for a total transaction amount of $13,764,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $13,764,000
- Square Footage: 66,152
- Address: 3100 Northeast 1st Avenue
- Market: Pompano Beach
- Buyer: Freddy Sayegh, Joey Sayegh, Michael Matalon, Eli Matalon, and Sam Matalon
- Seller: Adi Karadi, USA CEO - Prashkovsky Investments USA
- Brokers: Joseph Thomas & AJ Stanford - Marcus & Millichap
The buyers involved in this transaction are Freddy Sayegh, Joey Sayegh, Michael Matalon, Eli Matalon, and Sam Matalon. The seller is Adi Karadi, who serves as the USA CEO for Prashkovsky Investments USA. The brokerage firm representing the transaction includes Joseph Thomas and AJ Stanford from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$734,080.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,900.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,248.38
Annual Debt Service$782,980.58
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