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901 Northwest 8th Avenue, P...

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

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

Building Size

Asset Type

MultiFamily

Closing

Jan 9, 2022

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.

Players

AJ Stanford

Marcus & Millichap

Broker

$103M

vol

11 deals

Broker

Goran Dragoslavic

Seller

$22.4M

vol

3 deals

Seller

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

1.35%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93