Updated Dec 4, 2024
Alejandro Gershanik Buys Multifamily Property In Pompano Beach For $1.5M
325 Northwest 15th Street
$1,500,000
$235/SF
Building Size
6,369 SF
Asset Type
MultiFamily
Closing
Jun 17, 2024
About this deal
AI
The multifamily property located at 325 Northwest 15th Street in Pompano Beach was sold for $1,500,000. The property comprises 9 units with a total square footage of 6,369. The price per unit was $166,667, and the price per square foot was $236.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Buyer: Alejandro Gershanik
- Seller: Jerome Brown
- Buyer's Representative: Alejandro Gershanik - BM2 Realty
- Seller's Representative: Steven Paulsen - Open Market CRE
Alejandro Gershanik represented both the buyer and his own brokerage, BM2 Realty, in the transaction, while Steven Paulsen represented the seller, Jerome Brown, on behalf of Open Market CRE.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93