Victoria Magnus Acquires Multifamily Property In Pompano Beach For $1.995M With Brokers Ethan Krauss Dan Dratch & Ryan Wold
SOLD
Florida
See Similar DealsMultiFamily10,728 SF
Sold 09/12/2024
SOLD
Victoria Magnus Acquires Multifamily Property In Pompano Beach For $1.995M With Brokers Ethan Krauss Dan Dratch & Ryan Wold
509 Southwest 2nd Place
See Similar DealsMultiFamily10,728 SF
Sold 09/12/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$186
Total Square Footage:10,728 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,087.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,457.32
Annual Debt Service$113,487.81
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