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

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SOLD
$1,030,000

Florida

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MultiFamily4,386 SF
Sold 04/29/2025
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Property Image
SOLD

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

2017 Northeast 18th Street

See Similar Deals
MultiFamily4,386 SF
Sold 04/29/2025
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$234
Total Square Footage:4,386 SF
Transaction Type:Sale

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
9 deals$28.1M volume
BROKER

Details

SOLD
IMAGE: Gabriel Pena DATE: 04/29/2025 ADDRESS: 2017 Northeast 18th Street MARKET: Fort Lauderdale ASSET TYPE: Multifamily ~ ACRES: 0.15 BUYER: Alan Roy Miculitzki SELLER: Julia L. Lanigan BROKER: Gabriel Pena (@GabePena.jpeg) - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $1,030,000 UNITS: 6 ~ PPU: $171,667 SF: 4,386 ~ PPSF: $235 NOTE: Alan Roy Miculitzki purchased a 6-unit, 4,386-sf multifamily property at 2017 NE 18th St in Ft. Lauderdale for $1.03M from Julia L. Lanigan. Gabriel Pena of Matthews Real Estate represented the seller; no debt was recorded in the deal. .Lanigan

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$54,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,659.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,882.73
Annual Debt Service$58,592.71