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113 Northeast 6th Street

Christian Girardo Acquires Multifamily Property In Fort Lauderdale For $14.55M
SOLDMultiFamily

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

Jaret Turkell

Berkadia

Broker

$3.2B

vol

49 deals

Broker

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

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93