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6840 Pembroke Road, Pembrok...

Deepak Khosa Acquires Multifamily Property In Pembroke Pines For $5M
SOLDMultiFamily

Deepak Khosa Acquires Multifamily Property In Pembroke Pines For $5M

6840 Pembroke Road, Pembroke Pines, Florida 33023, United States

$5,000,000

$194/SF

Building Size

25,662 SF

Asset Type

MultiFamily

Closing

Jun 12, 2022

AI

A multifamily property located at 6840 Pembroke Road & 1871 SW 69th Avenue in Pembroke Pines has been sold for a total price of $5,000,000. The property consists of 35 units with an average price per unit of $142,857. The total square footage of the property is 25,662, with a price per square foot of $195. The transaction took place on June 13, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Address: 6840 Pembroke Road & 1871 SW 69th Avenue
  • Market: Pembroke Pines

The buyer of the property is Deepak Khosa, while Boris Overutsky is the seller. The transaction was facilitated by brokers Joseph Thomas, Adam Duncan, and Marisol Hernandez from Marcus & Millichap.

Players

Adam Duncan

Marcus & Millichap

Broker

$170.8M

vol

26 deals

Broker
Deepak Khosa

Deepak Khosa

Buyer

$47.5M

vol

6 deals

Buyer

Boris Ovrutsky

Seller

$24.6M

vol

5 deals

Seller

Pembroke Pines 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93