Ricardo Klonovski Acquires Margate Office Building For $2.05M
2333 N State Rd 7
$2,050,000
$189/SF
Building Size
10,830 SF
Asset Type
Office
Closing
Feb 24, 2022
About this deal
AI
The office property located at 2333 N State Rd 7 in Margate has been sold for a price of $2,050,000. The transaction took place on February 25, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,050,000
- Square Footage: 10,830
- Price per Square Foot: $189
- Address: 2333 N State Rd 7, Margate
The buyer of the property is Ricardo Klonovski, and the seller is Roy Raiter. The deal was facilitated by brokers Elon Gerberg and Adam H. Klein from SVN Commercial Partners.
Players
Pompano Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93