Samuel Ruk Acquires Multifamily Property At 2190 Ne 51st Ct Fort Lauderdale For $6.1M
SOLD
$6,100,000
Florida
See Similar DealsMultiFamily28,587 SF
Sold 10/31/2024
SOLD
Samuel Ruk Acquires Multifamily Property At 2190 Ne 51st Ct Fort Lauderdale For $6.1M
2190 Ne 51st Ct
See Similar DealsMultiFamily28,587 SF
Sold 10/31/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$213
Total Square Footage:28,587 SF
Lot Square Footage:30360 SF
Transaction Type:Sale
The asset involved in this transaction is a MultiFamily property located at 2190 Ne 51st Ct, in the Fort Lauderdale market. The transaction was completed for a price of $6,100,000.00, encompassing a total square footage of 28,587.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,100,000.00
- Address: 2190 Ne 51st Ct
- Market: Fort Lauderdale
- Square Footage: 28,587.0
- Buyer: Samuel Ruk
- Seller: Maurice Mann
- Broker: Austin Michels - Marcus & Millichap
The individuals involved in this transaction include the buyer, Samuel Ruk, and the seller, Maurice Mann. The representation for the transaction was provided by Austin Michels of Marcus & Millichap, who acted as the broker in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
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