Scott Williams Acquires Multifamily Property In Fort Lauderdale For $4M
101-105 Se 26 St
$4,000,000
$373/SF
Building Size
10,713 SF
Asset Type
MultiFamily
Closing
Jan 13, 2023
AI
The multifamily property located at 101-105 SE 26 St in Fort Lauderdale has been sold for $4,000,000. The property consists of 16 units, with a price per unit of $250,000. The total square footage of the property is 10,713, with a price per square foot of $373.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Units: 16
- Price per Unit: $250,000
- Square Footage: 10,713
- Price per Square Foot: $373
Scott Williams purchased the property from Cassimer Boynton. Demian Pack, representing Dezer Platinum Realty, acted as the buyer's representative, while Chase Thompson, from LoKation® Real Estate, represented the seller.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93