Cochise Capital Acquires Multifamily Property In Harbordale, Fort Lauderdale For $6.8M
1520 Southeast 15th Street, Fort Lauderdale, Florida 33316, United States
$6,800,000
$1,696/SF
Building Size
4,009 SF
Asset Type
MultiFamily
Closing
Jan 17, 2022
AI
The multifamily property located at 1520 SE 15th St. in Harbordale, Fort Lauderdale has been sold in a recent transaction. The sale was facilitated by brokers Ryan Wold, Dan Dratch, and Greg Matus from Franklin Street. The property was sold by Gur Shrenker, Eliyahu Aloush, and Eli Abrgel of EGE Holdings, and the buyer was Cochise Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,800,000
- Units: 20
- Price per Unit: $340,000
- Square Footage: 13,280
- Price per Square Foot: $512
- Address: 1520 SE 15th St., Harbordale, Fort Lauderdale
- Market: Harbordale, Fort Lauderdale
The deal involved a total of 20 units with a price per unit of $340,000, and the property spans across 13,280 square feet, resulting in a price per square foot of $512.
Ryan Wold, Dan Dratch, and Greg Matus, representing Franklin Street, played key roles as brokers in the transaction.
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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93