Updated Dec 21, 2023
Sasson Moulavi Acquires Multifamily Property In Fort Lauderdale For $8.08M
1827 Middle River Drive, Fort Lauderdale, Florida 33305, United States
$8,075,000
$1,916/SF
Building Size
4,213 SF
Asset Type
MultiFamily
Closing
Jan 31, 2022
About this deal
AI
The multifamily property located at 1827 Middle River Dr in Fort Lauderdale, FL has been sold. The property spans 4,213 square feet and was sold for a price of $8,075,000, resulting in a price per square foot of $1,916.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,075,000
- Address: 1827 Middle River Dr, Fort Lauderdale, FL
- Square Footage: 4,213
- Market: Fort Lauderdale, FL
Sasson Moulavi was the buyer of the property, while Raymond Hippele III acted as the seller. No additional information about the deal participants was provided.
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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93