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1350 Northeast 5th Terrace

Kathleen Callon Purchases Multifamily Property In Fort Lauderdale From Andrew Shader For $6.3M
SOLDMultiFamily

Kathleen Callon Purchases Multifamily Property In Fort Lauderdale From Andrew Shader For $6.3M

1350 Northeast 5th Terrace

$6,300,000

$305/SF

Building Size

20,622 SF

Asset Type

MultiFamily

Closing

May 4, 2026

AI

The property involved in this transaction is a multifamily asset located at 1350 Northeast 5th Terrace in Fort Lauderdale. It features 28 units and has a total square footage of 20,622. The sale price was set at $6,300,000, resulting in a price per unit of $225,000 and a price per square foot of $305.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,300,000
  • Buyer: Kathleen Callon
  • Seller: Andrew Shader
  • Broker: Elior Levi - Fausto Commercial Realty Consultants

The deal was facilitated by Elior Levi from Fausto Commercial Realty Consultants, who represented the buyer, Kathleen Callon, along with the seller, Andrew Shader, in this transaction.

Players

Elior Levi

Fausto Commercial Realty Consultants

Broker

$100.9M

vol

38 deals

Broker
Andrew Shader

Andrew Shader

Seller

$45.5M

vol

8 deals

Seller

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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93