facebook
Traded Co logo
Submit

Moshe Biton Closes $3.7M Multifamily Sale In Hallandale Beach Waterfront Property Deal

Property Image
SOLD
$3,700,000

Florida

See Similar Deals
MultiFamily17,000 SF
Sold 01/05/2024
the dealplayerscompscontact
Property Image
SOLD

Moshe Biton Closes $3.7M Multifamily Sale In Hallandale Beach Waterfront Property Deal

468 Golden Isles Drive

See Similar Deals
MultiFamily17,000 SF
Sold 01/05/2024
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$217
Total Square Footage:17,000 SF
Transaction Type:Sale

The multifamily property located at 468 Golden Isles Drive in Hallandale Beach has been successfully sold for $3,700,000. This waterfront property consists of 6 units with a total square footage of 17,000, translating to a price per unit of $616,667 and a price per square foot of $218.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $3,700,000
  • Units: 6
  • Price per Unit: $616,667
  • Square Footage: 17,000
  • Price per Square Foot: $218
  • Address: 468 Golden Isles Drive
  • Market: Hallandale Beach
  • Seller: Roberto Avella
  • Buyer's Rep: Moshe Biton - Capital Group Realty

Moshe Biton from Capital Group Realty represented the buyer in this transaction, which was described as a swift cash deal. The property was perceived as a valuable opportunity for enhancement and is now successfully off the market.

Players

Moshe Biton
Capital Group Realty
Moshe Biton
16 deals$155.1M volume(954) 228-4928
BROKER

Details

SOLD
IMAGE: Moshe Biton DATE: 01/05/2024 ADDRESS: 468 Golden Isles Drive MARKET: Hallandale Beach ASSET TYPE: Multifamily SELLER: Roberto Avella BUYER'S REP: Moshe Biton (@Miamimoe) - Capital Group Realty (@CGRusa_) SALE PRICE: $3,700,000 UNITS: 6 ~ PPU: $616,667 SF: 17,000 ~ PPSF: $218 NOTE FROM BUYER'S REP: Thrilled to announce the successful closing of this incredible waterfront multi-family property! 🌊💼 This gem was a true value-add opportunity, and it's now off the market thanks to a swift cash deal. 💰💨 Interested in similar investment opportunities or looking to sell your own property? Don't hesitate to reach out to me! 📲 Are you an experienced commercial agent seeking a new office to elevate your career? Or perhaps you're a driven individual looking to kickstart a rewarding journey in commercial real estate? 🏢✨ Look no further! Ready to take your career to the next level? Give us a call today and let's start the conversation! 📞 We can't wait to welcome you to our family and help you achieve your professional goals. 🚀

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$197,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65