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2017 Northeast 18th Street

Alan Roy Miculitzki Purchases Multifamily Property From Julia L. Lanigan In Fort Lauderdale For $1.03M
SOLDMultiFamily

Alan Roy Miculitzki Purchases Multifamily Property From Julia L. Lanigan In Fort Lauderdale For $1.03M

2017 Northeast 18th Street

$1,030,000

$234/SF

Building Size

4,386 SF

Asset Type

MultiFamily

Closing

Apr 29, 2025

AI

Alan Roy Miculitzki acquired a multifamily asset comprising 6 units located at 2017 Northeast 18th Street in Fort Lauderdale. The transaction occurred at a price of $1,030,000. The property spans a total of 4,386 square feet and sits on 0.15 acres, providing a price per unit of $171,667 and a price per square foot of $235.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,030,000
  • Units: 6
  • Square Footage: 4,386
  • Price Per Unit: $171,667
  • Price Per Square Foot: $235
  • Buyer: Alan Roy Miculitzki
  • Seller: Julia L. Lanigan
  • Broker: Gabriel Pena - Matthews Real Estate Investment Services
  • Market: Fort Lauderdale
  • Acres: 0.15

Gabriel Pena represented the seller, Julia L. Lanigan, in this transaction. Notably, no debt was recorded in the deal.

Players

Gabriel Pena

Matthews

Broker

$28.1M

vol

9 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

15.40%

Cash-on-Cash

-4.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93