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
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