Updated Sep 5, 2024
Eastern Union Funding Brokers Facilitate $8.75M Multifamily Sale In Cape Coral
4920 Viceroy Court
$8,750,000
$125/SF
Building Size
69,696 SF
Asset Type
MultiFamily
Closing
Sep 11, 2022
About this deal
AI
The multifamily property located at 4920 Viceroy Ct in Cape Coral has been sold. The transaction took place on 11/09/2022, with Jacob Schonland and Nachum Soroka sharing an image of the property on Instagram.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,750,000
The property was listed for sale at an asking price of $8,750,000 and was eventually sold for the same amount. The property spans across 69,696 square feet, resulting in a price per square foot of $126.
The transaction was facilitated by Nachum Soroka and Jacob Schonland, who represented both parties in the deal. They are affiliated with Eastern Union Funding.
Players
Cape Coral 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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93