Updated Dec 19, 2023
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
About this deal
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