Updated Dec 19, 2023
Dan Sawicki & Tom Boyle Acquire 98-Unit Multifamily Property In Pompano Beach For $11.76M
901 Northwest 8th Avenue, Pompano Beach, Florida 33060, United States
$11,760,000
Units
98
Asset Type
MultiFamily
Closing
Jan 9, 2022
About this deal
AI
The multifamily property located at 901-951 Northwest 8th Avenue & 930-980 Northwest 9th Avenue in Pompano Beach has been sold for $11,760,000. The property spans over 2.4 acres and consists of 98 units, resulting in a price per unit of $120,000. The sale was completed on January 9th, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,760,000
- Address: 901-951 Northwest 8th Avenue & 930-980 Northwest 9th Avenue, Pompano Beach
- Market: Pompano Beach
- Acres: 2.4
The property was sold by Benjamin Marks and Goran Dragoslavic. The buyers, Dan Sawicki and Tom Boyle, were represented by Joseph P. Thomas, Adam G. Duncan, AJ Stanford, Alec Demetriou, and Marisol Hernandez from Marcus & Millichap.
On the Map
$11,760,000
MultiFamily
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Pompano Beach MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93