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Alan Roy Miculitzki Purchases Multifamily Property From Julia L. Lanigan In Fort Lauderdale For $1.03M
SOLD
$1,030,000
Florida
See Similar DealsMultiFamily4,386 SF
Sold 04/29/2025
SOLD
Alan Roy Miculitzki Purchases Multifamily Property From Julia L. Lanigan In Fort Lauderdale For $1.03M
2017 Northeast 18th Street
See Similar DealsMultiFamily4,386 SF
Sold 04/29/2025
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.
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Deal Type
30 years
10 years
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
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