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468 Golden Isles Drive

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

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.

Players

Moshe Biton

Capital Group Realty

Broker

$155.1M

vol

16 deals

Broker

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