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Felix Figueira Acquires Multifamily Property In Hallandale Beach For $2.55M

Property Image
SOLD
$2,550,000
Dan Dratch
Ryan Wold
+ 1

Florida

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MultiFamily10,699 SF
Sold 12/08/2021
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Property Image
SOLD

Felix Figueira Acquires Multifamily Property In Hallandale Beach For $2.55M

615 Northeast 10th Street, Hallandale Beach, FL, USA

See Similar Deals
MultiFamily10,699 SF
Sold 12/08/2021
Dan Dratch
Ryan Wold
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$238
Total Square Footage:10,699 SF
Transaction Type:Sale

A multifamily property located at 615 NE 10th St in Hallandale Beach, South Florida, Broward County, was recently sold for $2,550,000. The property comprises 14 units, with a price per unit of $182,143. The total square footage of the property is 10,699, resulting in a price per square foot of $238.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,550,000
  • Address: 615 NE 10th St, Hallandale Beach, South Florida, Broward County
  • Market: South Florida - Broward, Hallandale Beach
  • Buyer: Felix Figueira
  • Seller: Zusha Tenenbaum
  • Brokers: Dan Dratch, Greg Matus & Ryan Wold - Franklin Street

The sale of this multifamily property was facilitated by the brokers Dan Dratch, Greg Matus, and Ryan Wold from Franklin Street. They represented both the buyer, Felix Figueira, and the seller, Zusha Tenenbaum, in the transaction.

Players

Greg Matus
39 deals$386.5M volume
BROKER

Dan Dratch
Franklin Street
48 deals$267.8M volume
BROKER

Ryan Wold
Franklin Street
40 deals$210.5M volume(954) 312-1678
BROKER

Details

SOLD
IMAGE: Ryan Wold, Dan Dratch & Greg Matus DATE: 12/08/2021 ADDRESS: 615 NE 10th St MARKET: South Florida - Broward, Hallandale Beach ASSET TYPE: Multifamily BUYER: Felix Figueira SELLER: Zusha Tenenbaum BROKERS: Dan Dratch, Greg Matus & Ryan Wold - Franklin Street ASKING PRICE: $2,500,000 SALE PRICE: $2,550,000 UNITS: 14 ~ PPU: $182,143 SF: 10,699 ~ PPSF: $238

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$136,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61