Tyler Henritze, William J. Stein, And Brian Kim Acquire Multifamily Property In Pompano Beach, FL For $14.7M
SOLD
Florida
See Similar DealsMultiFamily180,720 SF
Sold 01/13/2022
SOLD
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
See Similar DealsMultiFamily180,720 SF
Sold 01/13/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$81
Total Square Footage:180,720 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$782,880.64
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,151.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$69,586.01
Annual Debt Service$835,032.07
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