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840 Nw 5th Ave

Alejandro Gershanik Acquires Multifamily Asset In Pompano Beach From Andrew Rosenberg For $1.015M
SOLDMultiFamily

Alejandro Gershanik Acquires Multifamily Asset In Pompano Beach From Andrew Rosenberg For $1.015M

840 Nw 5th Ave

$1,015,000

$307/SF

Building Size

3,302 SF

Asset Type

MultiFamily

Closing

Jul 26, 2024

AI

The transaction involves a MultiFamily property located at 840 Nw 5th Ave in the Pompano Beach market. The property was sold for $1,015,000.00 and encompasses a total of 3,302 square feet.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,015,000.00
  • Address: 840 Nw 5th Ave
  • Market: Pompano Beach
  • Square Footage: 3,302.0
  • Buyer: Alejandro Gershanik
  • Seller: Andrew Rosenberg
  • Broker: Austin Michels - Marcus & Millichap

Alejandro Gershanik acted as the buyer in this transaction, while Andrew Rosenberg served as the seller. The deal was facilitated by broker Austin Michels, who represents Marcus & Millichap in this transaction.

Players

Austin M. Michels
Verified Badge

Austin M. Michels

Marcus & Millichap

Broker

$142.1M

vol

32 deals

Broker

Alejandro Gershanik

Buyer

$94.9M

vol

34 deals

Buyer

Andrew Rosenberg

Seller
Seller

Pompano Beach 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

15.63%

Cash-on-Cash

-4.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93