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509 Southwest 2nd Place

Victoria Magnus Acquires Multifamily Property In Pompano Beach For $1.995M With Brokers Ethan Krauss Dan Dratch & Ryan Wold
SOLDMultiFamily

Victoria Magnus Acquires Multifamily Property In Pompano Beach For $1.995M With Brokers Ethan Krauss Dan Dratch & Ryan Wold

509 Southwest 2nd Place

$1,995,000

$186/SF

Building Size

10,728 SF

Asset Type

MultiFamily

Closing

Sep 12, 2024

AI

The property asset involved in this transaction is a multifamily unit located at 509 Southwest 2nd Place in Pompano Beach. The sale price for this asset was $1,995,000, with a total square footage of 10,728, which equates to a price per square foot of $185.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,995,000
  • Address: 509 Southwest 2nd Place
  • Market: Pompano Beach
  • Square Footage: 10,728
  • Price per Square Foot: $185
  • Buyer: Victoria Magnus
  • Brokers: Ethan Krauss, Dan Dratch & Ryan Wold - Franklin Street

The individuals involved in the deal were Victoria Magnus as the buyer, while the brokerage was represented by Ethan Krauss, Dan Dratch, and Ryan Wold from Franklin Street, who facilitated the transaction of this multifamily asset.

Players

Dan Dratch

Franklin Street

Broker

$267.8M

vol

48 deals

Broker

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

7.95%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93