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Dan Sawicki & Tom Boyle Acquire 98-Unit Multifamily Property In Pompano Beach For $11.76M

Property Image
SOLD
$11,760,000
Marisol Hernandez
Alec Demetriou
Adam Duncan
+ 3

Florida

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MultiFamily
Sold 01/09/2022
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
MultiFamily
Sold 01/09/2022
Marisol Hernandez
Alec Demetriou
Adam Duncan
+ 3
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

AJ Stanford
Marcus & Millichap
AJ Stanford
11 deals$103M volume(954) 245-3503
BROKER
Adam Duncan
Marcus & Millichap
Adam Duncan
26 deals$170.8M volume
BROKER
Joseph Thomas
Marcus & Millichap
Joseph Thomas
53 deals$372.9M volume
BROKER
Alec Demetriou
Marcus & Millichap
Alec Demetriou
27 deals$219.6M volume
BROKER
Marisol Hernandez
Marcus & Millichap
Marisol Hernandez
6 deals$62.9M volume
BROKER
GD
Goran Dragoslavic
3 deals$22.4M volume
SELLER

Details

SOLD
IMAGE: Joseph P. Thomas, Alec Demetriou, Adam G. Duncan, AJ Stanford & Marisol Hernandez DATE: 01/09/2022 ADDRESS: 901-951 Northwest 8th Avenue & 930-980 Northwest 9th Avenue MARKET: Pompano Beach ASSET TYPE: Multifamily ~ ACRES: 2.4 BUYER: Dan Sawicki & Tom Boyle SELLER: Benjamin Marks & Goran Dragoslavic BROKERS: Joseph P. Thomas, Adam G. Duncan, AJ Stanford, Alec Demetriou & Marisol Hernandez - Marcus & Millichap SALE PRICE: $11,760,000 UNITS: 98 ~ PPU: $120,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,780.80
Cash-on-Cash Return-1.27%
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