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500 Palm Dr, Hallandale, FL...

Stuart Meyers Acquires SFR In Hallandale Beach From Alan Chocron
SOLDSingle Family Residence

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.

Players

Alan Chocron

Compass

Broker

$104.5M

vol

20 deals

Broker
Stuart Meyers

Stuart Meyers

Buyer

$137.3M

vol

4 deals

Buyer

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