Felix Figueira Acquires Multifamily Property In Hallandale Beach For $2.55M
615 Northeast 10th Street, Hallandale Beach, FL, USA
$2,550,000
$238/SF
Building Size
10,699 SF
Asset Type
MultiFamily
Closing
Dec 8, 2021
AI
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
Hallandale Beach 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93