Zalman Skoblo & Zvi Jacobowitz Acquire Margate & Davie Living Facility For $12.7M
6810 Southwest 7th Street, Margate, Florida 33068, United States
$12,700,000
Building Size
—
Asset Type
Other
Closing
Dec 16, 2022
About this deal
AI
A living facility in Margate and Davie has been sold for $12,700,000. The property, located at 6810 Southwest Seventh Street and 4681 Southwest 66th Avenue, consists of 131 beds. The price per bed (PPB) comes to $96,947.
Summary of transaction details
- Property Type: Living Facility
- Transaction Amount: $12,700,000
- Address: 6810 Southwest Seventh Street & 4681 Southwest 66th Avenue
- Market: Margate & Davie
- BUYER: Zalman Skoblo & Zvi Jacobowitz
- SELLER: PrivCap Companies - Donny Cohen
- SELLER'S REP: John DeMarco & Wesley Suskind - The DeMarco Real Estate Group - RE/MAX
The property was purchased by Zalman Skoblo and Zvi Jacobowitz from the seller, PrivCap Companies, represented by Donny Cohen. John DeMarco and Wesley Suskind from The DeMarco Real Estate Group - RE/MAX acted as the seller's representatives in the deal.
On the Map
$12,700,000
Other
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Margate Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93