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476 Northwest 43rd Street, ...

David Aronson Acquires Multifamily In Oakland Park For $3.3M
SOLDMultiFamily

David Aronson Acquires Multifamily In Oakland Park For $3.3M

476 Northwest 43rd Street, Oakland Park, Florida 33309, United States

$3,300,000

$214/SF

Building Size

15,400 SF

Asset Type

MultiFamily

Closing

Jun 16, 2022

AI

A multifamily property located at 476 NW 43rd St in Oakland Park has been sold for a total price of $3,300,000. The transaction took place on June 17, 2022. The property consists of 11 units, with a price per unit of $300,000. The total square footage of the property is 15,400, with a price per square foot of $214. The sale was facilitated by broker Austin Bergman from Compass.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,300,000
  • Units: 11
  • Price per Unit: $300,000
  • Square Footage: 15,400
  • Price per Square Foot: $214
  • Market: Oakland Park

The buyer of the property is David Aronson, while the seller is Thomas Smith. Austin Bergman from Compass served as the broker in the transaction, representing both the buyer and the seller.

Players

Austin Bergman

Compass

Broker

$18.2M

vol

5 deals

Broker

David Aronson

Buyer

$3.3M

vol

2 deals

Buyer

Thomas Smith

Seller

$25.8M

vol

5 deals

Seller

Oakland Park 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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93