Updated Dec 20, 2023
David Talla Acquires Multifamily Property In Fort Lauderdale For $10.15M
1300 Northeast 3rd Street, Fort Lauderdale, Florida 33301, United States
$10,150,000
$483/SF
Building Size
21,011 SF
Asset Type
MultiFamily
Closing
Sep 28, 2022
About this deal
AI
The multifamily property located at 1300 NE 3rd St in Fort Lauderdale, FL has been sold in a recent transaction. The sale took place on September 29, 2022, with David Talla purchasing the property from Ralph H Doering, III. The property spans across 21,011 square feet and was sold for a price of $10,150,000, resulting in a price per square foot of $483.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,150,000
- Square Footage: 21,011
- Price Per Square Foot: $483
- Address: 1300 NE 3rd St, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
David Talla represented himself as the buyer in this deal, while Ralph H Doering, III acted as the seller's representative. The transaction showcases the ongoing activity in the Fort Lauderdale market for multifamily properties.
On the Map
$10,150,000
$483/SF
MultiFamily
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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
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93