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 ยท MultiFamily ยท Sale transactions
Loading comparablesโฆ
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