Brent D. Klein Acquires Multifamily Property In Fort Lauderdale For $12.8M
SOLD
$12,780,000
Florida
See Similar DealsMultiFamily77,255 SF
Sold 02/02/2022
SOLD
Brent D. Klein Acquires Multifamily Property In Fort Lauderdale For $12.8M
2051 Northwest 43rd Terrace, Miami, Florida 33142, United States
See Similar DealsMultiFamily77,255 SF
Sold 02/02/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$165
Total Square Footage:77,255 SF
Transaction Type:Sale
The multifamily property located at 2011-2051 Nw 43rd Ter in Fort Lauderdale, FL has been sold. The transaction took place on February 2, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $12,780,000
- Square Footage: 77,255
- Price Per Square Foot: $165
The buyer of the property is Brent D. Klein, while Jerry Slubowski was the seller.
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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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