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
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