Updated Sep 9, 2024
Joseph John Rivera Pagan And Angela Maria Arbelaez Acquire Fort Lauderdale Multifamily Property For $720K
1104 -1106 NE 16th Ave, Fort Laude
$720,000
$427/SF
Building Size
1,686 SF
Asset Type
MultiFamily
Closing
Nov 3, 2022
About this deal
AI
The multifamily property located at 1104 - 1106 NE 16th Ave in Fort Lauderdale, FL has been sold. The property features 2 units with a total square footage of 1,686. The sale price for this transaction was $720,000, resulting in a price per unit of $360,000. The price per square foot was $427.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $720,000
- Address: 1104 - 1106 NE 16th Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Joseph John Rivera Pagan, Angela Maria Arbelaez
- Seller: Benjamin Mayell
- Buyer's Representative: Benjamin Mayell - Mayell Real Estate; Alexis Tinsley - Aqua Realty Services
- Asking Price: $750,000
- Units: 2
- Square Footage: 1,686
The buyer of the property is Joseph John Rivera Pagan and Angela Maria Arbelaez, while the seller is Benjamin Mayell. Benjamin Mayell from Mayell Real Estate and Alexis Tinsley from Aqua Realty Services represented the buyer in this transaction.
Players
Fort Lauderdale 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
22.03%
Cash-on-Cash
-6.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93