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Tyler Henritze, William J. Stein, And Brian Kim Acquire Multifamily Property In Pompano Beach, FL For $14.7M

Property Image
SOLD
$14,679,012

Florida

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MultiFamily180,720 SF
Sold 01/13/2022
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Property Image
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 Deals
MultiFamily180,720 SF
Sold 01/13/2022
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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.

Players

8 deals$200.9M volume
BUYER


4 deals$92.3M volume
BUYER

Details

SOLD
IMAGE: 01/13/2022 ADDRESS: 501 Sw 1st Ct MARKET: Pompano Beach, FL ASSET TYPE: Multifamily BUYER: Tyler Henritze & William J. Stein & Brian Kim SELLER: Oaks At Pompano Ltd PRICE: $14,679,012 SF: 180,720 ~ PPSF: $81

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Deal Type
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