Robin Cruise Acquires Multifamily Property In Pembroke Pines For $6.6M
7777 Pines Boulevard, Pembroke Pines, Florida 33024, United States
$6,600,000
$217/SF
Building Size
30,300 SF
Asset Type
MultiFamily
Closing
Dec 3, 2021
AI
Located at 7777 Pines Boulevard in Pembroke Pines, this multifamily property was recently sold. The transaction took place on December 3, 2021, with a sale price of $6,600,000. The property consists of 44 units, with each unit having an approximate price per unit (PPU) of $150,000. The total square footage of the property is 30,300, resulting in a price per square foot (PPSF) of $218.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Address: 7777 Pines Boulevard
- Market: Pembroke Pines
The buyer in this transaction was Robin Cruise, while the seller was Boris Ovrutsky. The deal was facilitated by brokers Joseph Thomas, Adam Duncan, and Marisol Hernandez from Marcus & Millichap.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93