Updated Dec 21, 2023
Martin Gayle Acquires Multifamily Property In Pembroke Pines For $3.42M
6911 Southwest 19th Street, Pembroke Pines, Florida 33023, United States
$3,420,000
$204/SF
Building Size
16,700 SF
Asset Type
MultiFamily
Closing
Dec 20, 2021
About this deal
AI
A multifamily property located at 6911, 6921, & 6931 Southwest 19th Street in Pembroke Pines has been sold for a total price of $3,420,000. The transaction took place on December 20, 2021. The property consists of 24 units, with an average price per unit of $142,500. The total square footage of the property is 16,700, resulting in a price per square foot of $205.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,420,000
- Units: 24
- Price per Unit: $142,500
- Square Footage: 16,700
- Price per Square Foot: $205
- Date: December 20, 2021
- Market: Pembroke Pines
The buyer of the property is Martin Gayle, while Boris Ovrutsky is the seller. The transaction was facilitated by Joseph Thomas, Adam Duncan, and Marisol Hernandez from the brokerage firm Marcus & Millichap.
On the Map
$3,420,000
$204/SF
MultiFamily
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Players
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
4.64%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93