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Mo Ali Acquires Multifamily Asset From Hina Rizvi In Fort Lauderdale For $4M

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SOLD
$4,000,000

Florida

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MultiFamily7,694 SF
Sold 12/24/2025
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Property Image
SOLD

Mo Ali Acquires Multifamily Asset From Hina Rizvi In Fort Lauderdale For $4M

1501 Southeast 2nd Court

See Similar Deals
MultiFamily7,694 SF
Sold 12/24/2025
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$519
Total Square Footage:7,694 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily unit located at 1501 Southeast 2nd Court in Fort Lauderdale. The sale price for the property was $4,000,000. It comprises 13 units, with a price per unit of $307,692. The total square footage of the property is 7,694, resulting in a price per square foot of $519.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Buyer: Mo Ali
  • Seller: Hina Rizvi
  • Broker: Elior Levi - Fausto Commercial Realty Consultants
  • Units: 13
  • Price Per Unit: $307,692
  • Square Feet: 7,694
  • Price Per Square Foot: $519

The deal was represented by broker Elior Levi from Fausto Commercial Realty Consultants, who played a key role in facilitating the transaction between the buyer, Mo Ali, and seller, Hina Rizvi. Each party was represented effectively in this multifamily property sale.

Players

Elior Levi
38 deals$100.9M volume(954) 743-7594
BROKER

Details

SOLD
IMAGE: Elior Levi DATE: 12/24/2025 ADDRESS: 1501 Southeast 2nd Court MARKET: Fort Lauderdale ASSET TYPE: Multifamily BUYER: Mo Ali SELLER: Hina Rizvi BROKER: Elior Levi (@EliorLevi17) - Fausto Commercial Realty Consultants (@FaustoCommercial) SALE PRICE: $4,000,000 UNITS: 13 ~ PPU: $307,692 SF: 7,694 ~ PPSF: $519

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
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