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
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.
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