Updated Dec 19, 2023
David Abraham Acquires Multifamily Property In Coral Springs, FL For $3.2M
4240 Northwest 78th Avenue, Coral Springs, Florida 33065, United States
$3,200,000
$230/SF
Building Size
13,909 SF
Asset Type
MultiFamily
Closing
Sep 12, 2022
About this deal
AI
The multifamily property located at 4240-4280 NW 78th Ave in Coral Springs, FL has been sold in a closed transaction. The property spans a total of 13,909 square feet and was sold for a price of $3,200,000 at a price per square foot of $230.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Address: 4240-4280 NW 78th Ave, Coral Springs, FL
- Market: Coral Springs, FL
- Buyer: David Abraham
- Seller: Erez Olizk & Jonathan G. Shore
- Square Footage: 13,909 SF
- Price per Square Foot: $230
The buyer in this transaction is David Abraham, while the sellers are Erez Olizk and Jonathan G. Shore.
Players
Coral Springs 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93