Christian Girardo Acquires Multifamily Property In Fort Lauderdale For $14.55M
113 Northeast 6th Street
$14,550,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 21, 2024
AI
The multifamily property located at 113 Northeast 6th Street in Fort Lauderdale was sold for $14,550,000. It consists of 24 units with an average price per unit of $606,250.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,550,000
- Units: 24
- Price per Unit: $606,250
- Square Feet: 1
- Price per Square Foot: $14,550,000
- Address: 113 Northeast 6th Street
- Market: Fort Lauderdale
Christian Girardo from the US Housing Reditus Fund acquired the property from Ceiba Groupe. The transaction was facilitated by brokers Yoav Yuhjtman, Jaret Turkell, Omar Morales, and Roberto Pesant from Berkadia.
Players
Fort Lauderdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93