Oskar Okko Purchases Multifamily Asset From Michael McMenamin For $1.2M In Fort Lauderdale
1910 South Miami Road
$1,200,000
$295/SF
Building Size
4,065 SF
Asset Type
MultiFamily
Closing
May 5, 2026
AI
The asset involved in this transaction is a multifamily property located at 1910 South Miami Road in the Fort Lauderdale market. The sale concluded at a price of $1,200,000, and it consists of 5 units with a total square footage of 4,065, resulting in a price per unit of $240,000 and a price per square foot of $295.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 5
- Square Footage: 4,065
- Price Per Unit: $240,000
- Price Per Square Foot: $295
- Buyer: Oskar Okko
- Seller: Michael McMenamin
- Seller's Representative: Gasper Mavric - Berkshire Hathaway HomeServices
This transaction was conducted as an off-market deal, reflecting unique circumstances in the closing process involving the buyer and seller represented by their respective agents.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93