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200 Northwest 17th Court

Gina Lassegue Acquires Multifamily Complex At 200 Northwest 17th Court For $1.85M
SOLDMultiFamily

Gina Lassegue Acquires Multifamily Complex At 200 Northwest 17th Court For $1.85M

200 Northwest 17th Court

$1,850,000

$300/SF

Building Size

6,152 SF

Asset Type

MultiFamily

Closing

May 9, 2025

AI

A multifamily complex located at 200 Northwest 17th Court in Fort Lauderdale was sold for $1,850,000. The asset spans 6,152 square feet, consisting of 8 units, with a price per unit of $231,250 and a price per square foot of $301. The parcel measures approximately 0.39 acres.

Summary of transaction details:

Austin Michels of Marcus & Millichap facilitated the transaction between Gina Lassegue and Purpose Built Families, providing essential brokerage services. The financing for the acquisition was arranged through Florida Community Loan Fund.

Players

Austin M. Michels
Verified Badge

Austin M. Michels

Marcus & Millichap

Broker

$142.1M

vol

32 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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93