Stuart Meyers Acquires SFR In Hallandale Beach From Alan Chocron
500 Palm Dr, Hallandale, FL 33009
$4,100,000
$776/SF
Building Size
5,281 SF
Asset Type
Single Family Residence
Closing
Jul 21, 2023
AI
A single-family residence located at 500 Palm Drive in Hallandale Beach has been sold. The property, measuring 5,281 square feet, was sold for a price of $4,100,000, resulting in a price per square foot of $776.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $4,100,000
- Address: 500 Palm Drive
- Market: Hallandale Beach
The buyer of the property is Stuart Meyers, while the seller is Alan Chocron. The transaction was facilitated by Alan Chocron, who also served as the broker representing both parties through Compass.
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93