Stuart Meyers Acquires SFR In Hallandale Beach From Alan Chocron
SOLD
Florida
See Similar DealsSingle Family Residence5,281 SF
Sold 07/21/2023
SOLD
Stuart Meyers Acquires SFR In Hallandale Beach From Alan Chocron
500 Palm Dr, Hallandale, FL 33009
See Similar DealsSingle Family Residence5,281 SF
Sold 07/21/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$776
Total Square Footage:5,281 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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