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2201 Southeast 18th Street,...

Corinthian Capital Real Estate Partners Sells Fort Lauderdale Multifamily For $21.9M
SOLDMultiFamily

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

Jaclyn Bild

Douglas Elliman

Broker

$82.2M

vol

11 deals

Broker

Market 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

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93