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

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SOLD
$1,995,000

Florida

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MultiFamily10,728 SF
Sold 09/12/2024
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Property Image
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 Deals
MultiFamily10,728 SF
Sold 09/12/2024
Contact now

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.

Players

Dan Dratch
48 deals$267.8M volume
BROKER

Ryan Wold
Franklin Street
40 deals$210.5M volume(954) 312-1678
BROKER

Ethan Krauss
Marcus & Millichap
21 deals$69.6M volume(954) 245-3503
BROKER

Details

SOLD
IMAGE: Dan Dratch, Ethan Krauss & Ryan Wold DATE: 09/12/2024 ADDRESS: 509 Southwest 2nd Place MARKET: Pompano Beach ASSET TYPE: Multifamily BUYER: Victoria Magnus BROKERS: Ethan Krauss (@EthanKrauss), Dan Dratch (@DanDratch) & Ryan Wold (@DJSunsett) - Franklin Street (@FranklinStreet.CRE) SALE PRICE: $1,995,000 SF: 10,728 ~ PPSF: $185

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,087.82
Cash-on-Cash Return-1.27%
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