Updated Dec 4, 2024
Margarita Ahedo Contreras & Reynaldo Cebreros Guerrero Purchase SFR In Hallandale Beach For $1.8M
1850 South Ocean Drive
$1,800,000
$866/SF
Building Size
2,078 SF
Asset Type
Single Family Residence
Closing
Sep 9, 2024
About this deal
AI
The property asset involved in this transaction is a single-family residence located at 1850 South Ocean Drive, Hallandale Beach. The sale price of the property is $1,800,000, and it has a total square footage of 2,078, resulting in a price per square foot of $866.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,800,000
- Buyer: Margarita Ahedo Contreras & Reynaldo Cebreros Guerrero
- Seller: Imad & Nathan Makled
- Broker: Ada Sasson - Cervera Real Estate
This transaction represents a record-breaking sale for this specific line in Beach Club, highlighting the significance of this particular deal within the market.
Players
Hallandale Beach 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93