Valentina N. Georgescu & Bogdan Georgescu Acquire Multifamily Property In Fort Lauderdale For $6.25M
SOLD
Florida
See Similar DealsMultiFamily31,352 SF
Sold 07/13/2022
SOLD
Valentina N. Georgescu & Bogdan Georgescu Acquire Multifamily Property In Fort Lauderdale For $6.25M
1400 Northeast 53rd Court, Fort Lauderdale, Florida 33334, United States
See Similar DealsMultiFamily31,352 SF
Sold 07/13/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$199
Total Square Footage:31,352 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26
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