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1790 Se 23rd Ave & 2323 Se ...

Dan Dratch, Ryan Wold & Alexander Gerdak Of Franklin Street Facilitate $7.15M Multifamily Sale In Fort Lauderdale
SOLDMultiFamily

Dan Dratch, Ryan Wold & Alexander Gerdak Of Franklin Street Facilitate $7.15M Multifamily Sale In Fort Lauderdale

1790 Se 23rd Ave & 2323 Se 18th St, Fort Lauderdale, Fl 33316

$7,150,000

$424/SF

Building Size

16,833 SF

Asset Type

MultiFamily

Closing

Jun 8, 2026

AI

The property asset involved in the transaction is a MultiFamily asset located at 1790 Southeast 23rd Avenue & 2323 Southeast 18th Street in Fort Lauderdale. The sale price is $7,150,000 for a total of 24 units, with a price per unit of $297,916. The building spans 16,833 square feet, translating to a price per square foot of $424.76.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $7,150,000
  • Units: 24
  • Price Per Unit: $297,916
  • Square Feet: 16,833
  • Price Per Square Foot: $424.76
  • Market: Fort Lauderdale

The individuals who facilitated this transaction include Dan Dratch, Ryan Wold, and Alexander Gerdak, representing Franklin Street in the deal. Their involvement highlights the professional collaboration in managing the complexities of this MultiFamily property sale.

Players

Dan Dratch

Franklin Street

Broker

$267.8M

vol

48 deals

Broker

Fort Lauderdale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.22%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93