Jeremy Earle Acquires Multifamily Building From Moshe Biton In Hallandale For $1.95M
627 Southwest 6th Terrace, 631 Southwest 6th Terrace & 631 Southwest 6th Terrace
$1,950,000
$130/SF
Building Size
15,000 SF
Asset Type
MultiFamily
Closing
Feb 22, 2024
AI
The multi-family building located at 627, 631 & 631 Southwest 6th Terrace in Hallandale has been successfully sold for $1,950,000. This property consists of 6 units with a total square footage of 5,000, equating to a price per unit of $325,000 and a price per square foot of $390. The sale was finalized on 02/22/2024, with Jeremy Earle as the buyer and Moshe Biton as the seller and broker representing the deal through Capital Group Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Units: 6
- Price per Unit: $325,000
- Total Square Footage: 5,000
- Price per Square Foot: $390
- Address: 627, 631 & 631 Southwest 6th Terrace
- Market: Hallandale
- Buyer: Jeremy Earle
- Seller: Moshe Biton
- Broker: Moshe Biton - Capital Group Realty
The successful deal was facilitated by Moshe Biton, who not only represented the seller but also played the pivotal role of the broker in this transaction. With a smooth and swift cash deal, the property's unbeatable location and versatile potential were key factors that attracted the attention of the buyer, Jeremy Earle. As the property is now off the market, Moshe Biton is excited to explore more investment opportunities and is readily available to assist those interested in further real estate ventures.
Hallandale Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93