Alejandro Gershanik & Maximiliano Pavlovsky Acquire Multifamily Property In Riviera Beach For $990,000
965 West 36th Street
$990,000
$246/SF
Building Size
4,022 SF
Asset Type
MultiFamily
Closing
Jan 18, 2024
AI
A multifamily property located at 965 West 36th Street in Riviera Beach has recently been sold for $990,000. The property consists of 8 units with a price per unit of $123,750. It has a total square footage of 4,022, resulting in a price per square foot of $246. The sale took place on January 18, 2024.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $990,000
- Units: 8
- Price Per Unit: $123,750
- Square Footage: 4,022
- Price Per Square Foot: $246
- Address: 965 West 36th Street
- Market: Riviera Beach
Alejandro Gershanik and Maximiliano Pavlovsky acted as both the buyers and the representatives for the buyers in this transaction. They were represented by Alejandro Gershanik from BM2 Realty. The seller in this deal was Menachem Tiefenbrun.
Players
Riviera 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
16.02%
Cash-on-Cash
-4.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93