Updated Dec 21, 2023
Louis Petrosino Acquires Multifamily Property In Fort Lauderdale For $2.4M
1414 Northeast 5th Terrace, Fort Lauderdale, Florida 33304, United States
$2,412,500
$247/SF
Building Size
9,749 SF
Asset Type
MultiFamily
Closing
Jun 27, 2022
About this deal
AI
A multifamily property located at 1414 E 5th Ter in Fort Lauderdale, FL has been sold for a price of $2,412,500. The property spans a total of 9,749 square feet, with a price per square foot of $247.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,412,500
- Address: 1414 E 5th Ter, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- SF: 9,749
- PPSF: $247
The buyer of the property is Louis Petrosino, while the sellers are Sina Joorabchi and Karen Perreman.
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
6.58%
Cash-on-Cash
-1.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93