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
Pompano Beach 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
15.63%
Cash-on-Cash
-4.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93