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615 Northeast 10th Street, ...

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

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

Greg Matus

Franklin Street

Broker

$386.5M

vol

39 deals

Broker

Zusha Tenenbaum

Savlan Capital

Seller

$86.7M

vol

4 deals

Seller

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