Deepak Khosa Acquires Multifamily Property In Pembroke Pines For $5M
SOLD
$5,000,000
+ 2
Florida
See Similar DealsMultiFamily25,662 SF
Sold 06/13/2022
SOLD
Deepak Khosa Acquires Multifamily Property In Pembroke Pines For $5M
6840 Pembroke Road, Pembroke Pines, Florida 33023, United States
See Similar DealsMultiFamily25,662 SF
Sold 06/13/2022
+ 2
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$194
Total Square Footage:25,662 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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