Jesse Dalen Acquires Multifamily Property In Fort Lauderdale For $5.2M
SOLD
Florida
See Similar DealsMultiFamily16,911 SF
Sold 08/11/2022
SOLD
Jesse Dalen Acquires Multifamily Property In Fort Lauderdale For $5.2M
1916 Southwest 11th Street, Fort Lauderdale, Florida 33312, United States
See Similar DealsMultiFamily16,911 SF
Sold 08/11/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$307
Total Square Footage:16,911 SF
Transaction Type:Sale
The multifamily property located at 1916 Sw 11th St in Fort Lauderdale, FL has been sold in a recent transaction. The property spans 16,911 square feet and was sold for a price of $5,200,000, resulting in a price per square foot of $307.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,200,000
- Square Feet: 16,911
- Price per Square Foot: $307
- Market: Fort Lauderdale, FL
The buyer of the property is Jesse Dalen, while the seller is Alon Peles.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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