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1910 South Miami Road

Oskar Okko Purchases Multifamily Asset From Michael McMenamin For $1.2M In Fort Lauderdale
SOLDMultiFamily

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.

Players

Gasper Mavric

Berkshire Hathaway HomeServices

Broker

$2M

vol

2 deals

Broker

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