Updated Dec 20, 2023
Hugo Cascavita Acquires Lauderhill Multifamily For $12.78M
2011 Northwest 43rd Terrace
$12,780,000
$155/SF
Building Size
82,456 SF
Asset Type
MultiFamily
Closing
Feb 1, 2022
About this deal
AI
The multifamily property located at 2011-2051 NW 43rd Terrace in Lauderhill has been sold in a closed transaction. The property consists of 88 units, with a total square footage of 82,456. The asking price for the property was $12,760,000, and it was sold for $12,780,000. This translates to a per unit price of $145,227 and a price per square foot of $155.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $12,780,000
- Address: 2011-2051 NW 43rd Terrace
- Market: Lauderhill
Hugo Cascavita was the buyer of the property, while Jerry Slubowski was the seller. The deal was facilitated by the brokers Felipe J. Echarte, Jr., Evan P. Kristol, and Brandon J. Rex from Marcus & Millichap. They represented both the buyer and the seller in the transaction.
On the Map
$12,780,000
$155/SF
MultiFamily
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Players
Lauderhill 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
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93