Updated Dec 20, 2023
Melani Hofer Acquires Pompano Beach Multifamily Property For $2.038M
391 SE 19th Ave, Pompano Beach, FL, USA
$3,870,000
$913/SF
Building Size
4,236 SF
Asset Type
MultiFamily
Closing
Apr 19, 2021
About this deal
AI
Located at 461 SE 19th Ave in Pompano Beach, FL, this multifamily property was involved in a recent sale transaction. The property spans a total of 3,713 square feet and was sold at a price of $2,038,000, resulting in a price per square foot of $548.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,038,000
- Buyer: Melani Hofer
- Seller: Barbara Mcauliffe
Melani Hofer acted as the buyer in this transaction, while Barbara Mcauliffe represented the seller. The transaction took place on June 22, 2022.
Players
Pompano 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
4.10%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93