facebook
Traded Co logo
Submit

Tal Levinson & Eric Malinasky Acquire Multifamily Asset In Fort Lauderdale For $4.88M

Property Image
SOLD
$4,882,500

Florida

See Similar Deals
MultiFamily187,668 SF
Sold 01/22/2025
the dealplayerscompscontact
Property Image
SOLD

Tal Levinson & Eric Malinasky Acquire Multifamily Asset In Fort Lauderdale For $4.88M

1021 Northwest 3rd Avenue, 1025 Northwest 3rd Avenue, 1026 Northwest 3rd Avenue, 1028 Northwest 3rd Avenue, 1030 Northwest 3rd Avenue, 1032 Northwest 3rd Avenue, 1038 Northwest 3rd Avenue, 1010 Northwest 3rd Avenue & 1029 Northwest 3rd Avenue

See Similar Deals
MultiFamily187,668 SF
Sold 01/22/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$26
Total Square Footage:187,668 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 1021, 1025, 1026, 1028, 1030, 1032, 1038, 1010 & 1029 Northwest 3rd Avenue in Fort Lauderdale. The total sale price for the property was $4,882,500, which corresponds to 31 units with a price per unit of $157,500. The property encompasses a total square footage of 20,852, resulting in a price per square foot of $234.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,882,500
  • Units: 31
  • Price Per Unit: $157,500
  • Square Footage: 20,852
  • Price Per Square Foot: $234
  • Buyer: Tal Levinson & Eric Malinasky - Home Venture Investments
  • Seller: Tom Assouline
  • Seller's Representative: Chase Thompson - LoKation® Real Estate

Home Venture Investments, represented by Tal Levinson and Eric Malinasky, is focused on acquiring, stabilizing, and developing various property types throughout South Florida. The firm welcomes inquiries regarding potential deals, emphasizing their readiness to engage in transactions.

Players

Chase Thompson
LoKation® Real Estate
Chase Thompson
2 deals$8.9M volume(404) 788-1554
BROKER

Details

SOLD
IMAGE: Chase Thompson, Tal Levinson & Eric Malinasky DATE: 01/22/2025 ADDRESS: 1021, 1025, 1026, 1028, 1030, 1032, 1038, 1010 & 1029 Northwest 3rd Avenue MARKET: Fort Lauderdale ASSET TYPE: Multifamily BUYER: Tal Levinson (@T.Lev) & Eric Malinasky (@EMalinasky24) - Home Venture Investments (@HomeVentureInvestments) SELLER: Tom Assouline SELLER'S REP: Chase Thompson - LoKation® Real Estate (@Lokationre) SALE PRICE: $4,882,500 UNITS: 31 ~ PPU: $157,500 SF: 20,852 ~ PPSF: $234 NOTE FROM BUYER: Home Venture Investments is a real estate investment firm that focuses on buying, stabilizing, and developing properties all across South Florida. We are looking to purchase residential, commercial, and land portfolios. Feel free to private message us with your deals, let's transact!

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$260,400.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,346.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,145.54
Annual Debt Service$277,746.49