Blackstone Acquires Multifamily Property In North Lauderdale For $14M
SOLD
$14,000,000
Florida
See Similar DealsMultiFamily71,023 SF
Sold 01/18/2022
SOLD
Blackstone Acquires Multifamily Property In North Lauderdale For $14M
1850 Southwest 81st Avenue, North Lauderdale, Florida 33068, United States
See Similar DealsMultiFamily71,023 SF
Sold 01/18/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$197
Total Square Footage:71,023 SF
Transaction Type:Sale
The multifamily property located at 1850-2100 Southwest 81st Avenue in North Lauderdale was recently sold for a total price of $14,000,000. The sale took place on January 18, 2022. The property consists of 322 units, which translates to an average price per unit of $43,478.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Address: 1850-2100 Southwest 81st Avenue
- Market: North Lauderdale
The buyer of the property was @Blackstone represented by Stephen A. Schwarzman. On the other hand, the seller was The Cornerstone Group.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
Is there something missing? Send suggestions