Moshe Biton Closes $3.7M Multifamily Sale In Hallandale Beach Waterfront Property Deal
468 Golden Isles Drive
$3,700,000
$217/SF
Building Size
17,000 SF
Asset Type
MultiFamily
Closing
Jan 5, 2024
AI
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.
Hallandale 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93