Andrew Taubman Acquires Multifamily Property From Jerry Slubowski In Fort Lauderdale For $2.17M
2101 Miami Rd
$2,170,000
$312/SF
Building Size
6,946 SF
Asset Type
MultiFamily
Closing
Feb 8, 2024
AI
The property asset involved in this transaction is a MultiFamily building located at 2101 Miami Rd in Fort Lauderdale. The transaction was finalized at a price of $2,170,000.00, encompassing a total square footage of 6,946.0 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,170,000.00
- Address: 2101 Miami Rd
- Market: Fort Lauderdale
- Square Footage: 6,946.0
- Buyer: Andrew Taubman
- Seller: Jerry Slubowski
- Brokers: Austin Michels - Marcus & Millichap, Brandon Rex - Marcus & Millichap, Evan Kristol - Marcus & Millichap
The brokers representing the transaction were Austin Michels, Brandon Rex, and Evan Kristol, all from Marcus & Millichap. They played significant roles in facilitating the deal between the buyer, Andrew Taubman, and the seller, Jerry Slubowski.
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
7.31%
Cash-on-Cash
-2.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93