Updated Dec 21, 2023
Marshall Ohring & Sidney Randel Acquire Fort Lauderdale Multifamily For $5.25M
1949 Southeast 21st Avenue, Fort Lauderdale, Florida 33316, United States
$5,250,000
$899/SF
Building Size
5,840 SF
Asset Type
MultiFamily
Closing
May 5, 2022
About this deal
AI
The multifamily property located at 1949 Se 21st Ave in Fort Lauderdale has been sold. The transaction took place on 05/06/2022. The property spans a total of 5,840 square feet. The sale price for the property was $5,250,000, resulting in a price per square foot of $898.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,250,000
- Address: 1949 Se 21st Ave, Fort Lauderdale
- Market: Fort Lauderdale
The buyers of the property were Marshall Ohring and Sidney Randel. The sellers were Ashley Ventre and Peter P Ventre.
Players
Fort Lauderdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93