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965 West 36th Street

Alejandro Gershanik & Maximiliano Pavlovsky Acquire Multifamily Property In Riviera Beach For $990,000
SOLDMultiFamily

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

Alejandro Gershanik

BM2 Realty

Buyer

$94.9M

vol

34 deals

Buyer

Menachem Tiefenbrun

Seller

$8.4M

vol

4 deals

Seller

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