Bradley Title Acquires SFR In Pompano Beach For $5.9M
2791 Northeast 5th Street, Pompano Beach, FL, USA
$5,900,000
$909/SF
Building Size
6,485 SF
Asset Type
Single Family Residence
Closing
Nov 24, 2021
AI
The recently closed property transaction in Pompano Beach involved a single-family residence located at 2791 NE 5th St. Featuring a total area of 6,485 square feet, the property was sold for a price of $5,900,000. The sale price signifies a price per square foot of $910, reflecting the value of the asset.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $5,900,000
- Address: 2791 NE 5th St, Pompano Beach
- Market: Pompano Beach
The buyer in this transaction was Bradley Title, while Leonard & Raymond Karam acted as the sellers. Facilitating the deal was George Khoury from GK Realty Group, serving as the broker. George Khoury represented the interests of both the buyer and the seller, ensuring a smooth transaction process.
With its impressive square footage and attractive sale price, the property at 2791 NE 5th St presents an opportunity for the buyers to acquire a highly desirable single-family residence in Pompano Beach. Through the expertise and guidance of George Khoury from GK Realty Group, this successful transaction was made possible.
Players
Pompano Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93