Tyler Henritze, William J. Stein, And Brian Kim Acquire Multifamily Property In Pompano Beach, FL For $14.7M
501 Southwest 1st Court, Pompano Beach, Florida 33060, United States
$14,679,012
$81/SF
Building Size
180,720 SF
Asset Type
MultiFamily
Closing
Jan 12, 2022
AI
The multifamily property located at 501 Sw 1st Ct in Pompano Beach, FL has been sold. The property spans 180,720 square feet and was purchased for a total price of $14,679,012, resulting in a price per square foot of $81. The transaction took place on January 13, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,679,012
- Address: 501 Sw 1st Ct, Pompano Beach, FL
- Market: Pompano Beach, FL
- Buyer: Tyler Henritze & William J. Stein & Brian Kim
- Seller: Oaks At Pompano Ltd
- Square Footage: 180,720
- Price Per Square Foot: $81
During the transaction, Tyler Henritze, William J. Stein, and Brian Kim acted as the buyers. The seller was Oaks At Pompano Ltd.
Players
Pompano 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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93