Goran Dragoslavic Acquires Wilton Manors Multifamily For $4.7M With Marcus & Millichap Brokers
SOLD
$4,685,000
+ 1
Florida
See Similar DealsMultiFamily14,139 SF
Sold 08/04/2022
SOLD
Goran Dragoslavic Acquires Wilton Manors Multifamily For $4.7M With Marcus & Millichap Brokers
566 Northeast 20th Street, Wilton Manors, Florida 33305, United States
See Similar DealsMultiFamily14,139 SF
Sold 08/04/2022
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$331
Total Square Footage:14,139 SF
Transaction Type:Sale
A multifamily property located at 566 & 578 NE 20th St in Wilton Manors has been sold for a price of $4,685,000. The property consists of 21 units with a total square footage of 14,139. The price per unit is $223,095, while the price per square foot is $331.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,685,000
- Address: 566 & 578 NE 20th St, Wilton Manors
- Units: 21
- Price per Unit: $223,095
- Square Footage: 14,139
- Price per Square Foot: $331
- Market: Wilton Manors
The buyer for this transaction is Goran Dragoslavic. The deal was facilitated by brokers AJ Stanford, Joseph Thomas, and Adam Duncan representing Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$249,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,644.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,209.29
Annual Debt Service$266,511.48
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