Corinthian Waterford Prop LLC Acquires Margate Multifamily For $20.6M
6954 Southwest 5th Street, Margate, FL, USA
$20,600,000
$216/SF
Building Size
95,004 SF
Asset Type
MultiFamily
Closing
Dec 3, 2021
AI
The multifamily property located at 6954 SW 5th Street in Margate has been sold for a total price of $20,600,000. The property consists of 116 units, making the price per unit $177,586. The sale took place on 12/03/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,600,000
- Address: 6954 SW 5th Street, Margate
- Market: Margate
The buyer of the property is Corinthian Waterford Prop LLC. The seller is Victoria One Management, represented by Jerry Slubowsky, Ricardo Ulloa, and Todd Linden. The seller's counsel for the transaction was Marc Kleiner from Kleiner Law Group.
Players
Margate 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93