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1520 Southeast 15th Street,...

Updated Oct 28, 2024

Cochise Capital Acquires Multifamily Property In Harbordale, Fort Lauderdale For $6.8M
SOLDMultiFamily

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

About this deal

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.

On the Map

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$6,800,000

$1,696/SF

MultiFamily

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Players

Greg Matus

Franklin Street

Broker

$386.5M

vol

39 deals

Broker
CC
Cochise CapitalBuyer

Eliyahu Aloush

EGE Holdings

Seller

$25.1M

vol

6 deals

Seller
EH
EGE HoldingsSeller
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Fort Lauderdale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.7K per square foot on a published $6.8M for 4,009 square feet (2022).

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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

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