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627 Southwest 6th Terrace

Jeremy Earle Acquires Multifamily Building From Moshe Biton In Hallandale For $1.95M
SOLDMultiFamily

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.

Players

Moshe Biton

Capital Group Realty

Broker

$155.1M

vol

16 deals

Broker

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

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93