Updated Dec 4, 2024
Daniel And Rene Vargas Acquire Multifamily Property From Ralph Puig In Pompano Beach For $3.1M
3901 Northeast 9th Avenue
$3,100,000
$310/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Jul 11, 2024
About this deal
AI
The multifamily asset located at 3901 Northwest 9th Avenue, Pompano Beach encompasses 14 units within a total square footage of 10,000. The property has been sold for a transaction amount of $3,100,000, representing a price per unit of $221,429 and a price per square foot of $310.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 3901 Northwest 9th Avenue
- Market: Pompano Beach
- Units: 14
- Square Feet: 10,000
- Price Per Unit: $221,429
- Price Per Square Foot: $310
- Buyer: Daniel & Rene Vargas
- Seller: Ralph Puig
- Brokers: Ryan Wold, Dan Dratch & Ethan Krauss - Franklin Street
The transaction involved Daniel & Rene Vargas as the buyers and Ralph Puig as the seller. The deal was facilitated by the brokerage team of Ryan Wold, Dan Dratch, and Ethan Krauss from Franklin Street.
On the Map
$3,100,000
$310/SF
MultiFamily
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Players
Deerfield Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93