Updated Sep 9, 2024
Benjamin Mayell Sells Fort Lauderdale Multifamily To Joseph John Rivera Pagan & Angela Maria Arbelaez For $720K
1104 Northeast 16th Avenue, Fort Lauderdale, Florida 33304, United States
$720,000
$720,000/SF
Building Size
1 SF
Asset Type
MultiFamily
Closing
Mar 11, 2022
About this deal
AI
The multifamily property located at 1104 - 1106 NE 16th Ave in Fort Lauderdale, FL has been sold in a recent transaction. The sale took place on November 3, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $720,000
- Address: 1104 - 1106 NE 16th Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Units: 2
- Price Per Unit (PPU): $360,000
- Square Footage (SF): 1,686
- Price Per Square Foot (PPSF): $427
Joseph John Rivera Pagan and Angela Maria Arbelaez purchased the property from Benjamin Mayell.
The buyer's representative for this transaction was Benjamin Mayell from Mayell Real Estate, along with Alexis Tinsley from Aqua Realty Services.
On the Map
$720,000
$720,000/SF
MultiFamily
View full map
Players
Fort Lauderdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Benjamin Mayell to view all their deals.
Browse Florida multifamily sales on Traded.
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