Corinthian Capital Real Estate Partners Sells Fort Lauderdale Multifamily For $21.9M
2201 Southeast 18th Street, Fort Lauderdale, Fl 33316, USA
$21,850,000
$582/SF
Building Size
37,502 SF
Asset Type
MultiFamily
Closing
Mar 10, 2023
AI
Corinthian Capital Real Estate Partners has sold a multifamily property located at 2201 Southeast 18th Street in Fort Lauderdale. The asset consists of 34 units and spans a total area of 37,502 square feet. The sale price for this transaction amounts to $21,850,000, which translates to a per unit price of $642,647 and a price per square foot of $583.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $21,850,000
- Units: 34
- Price Per Unit: $642,647
- Square Footage: 37,502
- Price Per Square Foot: $583
- Address: 2201 Southeast 18th Street, Fort Lauderdale
The sale of this property was facilitated by the brokers Marc Brandt and Jaclyn Bild from Douglas Elliman, representing Corinthian Capital Real Estate Partners in the transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93