Hugo Cascavita Acquires Lauderhill Multifamily For $12.78M
SOLD
$12,780,000
+ 2
Florida
See Similar DealsMultiFamily82,456 SF
Sold 02/01/2022
SOLD
Hugo Cascavita Acquires Lauderhill Multifamily For $12.78M
2011 Northwest 43rd Terrace
See Similar DealsMultiFamily82,456 SF
Sold 02/01/2022
+ 2
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$155
Total Square Footage:82,456 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$681,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,404.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,583.72
Annual Debt Service$727,004.64
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