Updated Oct 28, 2024
Buck Realty Co. Acquires Multifamily Property In Pompano Beach For $1.2M
616-621 Northwest 5th Avenue, Pompano Beach, FL, USA
$1,200,000
$315/SF
Building Size
3,808 SF
Asset Type
MultiFamily
Closing
Sep 13, 2021
About this deal
AI
Located at 616-621 NW 5th Avenue in Pompano Beach, this multifamily property was sold in a recent transaction. The property consists of 12 units, with each unit valued at approximately $100,000. The total sale price for the property was $1,200,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 12
- Price Per Unit (PPU): $100,000
The buyer of the property is Buck Realty Co., represented by Jonathan Dahari, Jaime Halberstein, and Ben Stein. They acquired the property from 5th Avenue Holdings, represented by Patrick Dugan.
Note: No additional information was provided regarding financing or other significant details of the transaction.
Players
Pompano 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93