Freddy & Joey Sayegh And Michael, Eli & Sam Matalon Acquire Multifamily Asset In Pompano Beach For $13.76M
3100 Northeast 1st Avenue
$13,764,000
$208/SF
Building Size
66,152 SF
Asset Type
MultiFamily
Closing
Sep 24, 2024
AI
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.
Players
Pompano Beach 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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93