Valentina N. Georgescu & Bogdan Georgescu Acquire Multifamily Property In Fort Lauderdale For $6.25M
1400 Northeast 53rd Court, Fort Lauderdale, Florida 33334, United States
$6,250,000
$199/SF
Building Size
31,352 SF
Asset Type
MultiFamily
Closing
Jul 12, 2022
AI
The multifamily property located at 1400 NE 53rd CT in Fort Lauderdale, FL has been sold in a recent transaction. The property spans an area of 31,352 square feet, with a price per square foot of $199. The sale took place on July 13, 2022, and the transaction amount was $6,250,000. The seller of the property was Jeremiah Lucey.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,250,000
The buyers of the property are Valentina N. Georgescu and Bogdan Georgescu. They were represented by their broker, Jeremiah Lucey.
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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93