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Bradley Title Acquires SFR In Pompano Beach For $5.9M

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SOLD
$5,900,000

Florida

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Single Family Residence6,485 SF
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SOLD

Bradley Title Acquires SFR In Pompano Beach For $5.9M

2791 Northeast 5th Street, Pompano Beach, FL, USA

See Similar Deals
Single Family Residence6,485 SF
Sold
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$909
Total Square Footage:6485 SF
Transaction Type:Sale

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

George Khoury
3 deals$27.4M volume(954) 451-1111
BROKER

Details

SOLD
IMAGE: George Khoury DATE: 11/24/2021 ADDRESS: 2791 NE 5th St MARKET: Pompano Beach ASSET TYPE: SFR BUYER: Bradley Title SELLER: Leonard & Raymond Karam BROKER: George Khoury (@TheGK_RealEstate) - GK Realty Group (@GKGroupFL) ASKING PRICE: $5,995,000 SALE PRICE: $5,900,000 SF: 6,485 ~ PPSF: $910

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
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