Alejandro Gershanik & Maximiliano Pavlovsky Acquire Multifamily Property In Riviera Beach For $990,000
SOLD
$990,000
Florida
See Similar DealsMultiFamily4,022 SF
Sold 01/18/2024
SOLD
Alejandro Gershanik & Maximiliano Pavlovsky Acquire Multifamily Property In Riviera Beach For $990,000
965 West 36th Street
See Similar DealsMultiFamily4,022 SF
Sold 01/18/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$246
Total Square Footage:4,022 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$52,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,517.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,693.11
Annual Debt Service$56,317.26
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