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
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