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566 Northeast 20th Street, ...

Goran Dragoslavic Acquires Wilton Manors Multifamily For $4.7M With Marcus & Millichap Brokers
SOLDMultiFamily

Goran Dragoslavic Acquires Wilton Manors Multifamily For $4.7M With Marcus & Millichap Brokers

566 Northeast 20th Street, Wilton Manors, Florida 33305, United States

$4,685,000

$331/SF

Building Size

14,139 SF

Asset Type

MultiFamily

Closing

Aug 4, 2022

AI

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.

Players

AJ Stanford

Marcus & Millichap

Broker

$103M

vol

11 deals

Broker

Goran Dragoslavic

Buyer

$22.4M

vol

3 deals

Buyer

Wilton Manors 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

3.39%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93