Updated Dec 21, 2023
M. Scott Kleiman Acquires Multifamily Property In Fort Lauderdale For $6.6M
2221 Northwest 58th Terrace
$6,600,000
$175/SF
Building Size
37,616 SF
Asset Type
MultiFamily
Closing
Sep 28, 2021
About this deal
AI
A multifamily property located at 2221 NW 58th Ter in Fort Lauderdale, FL has been sold in a recent transaction. The property spans 37,616 square feet and was sold for a total price of $6,600,000, resulting in a price per square foot of $175.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Address: 2221 NW 58th Ter, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: M. Scott Kleiman
- Seller: Joan Lehman
M. Scott Kleiman was the buyer in the transaction, while Joan Lehman acted as the seller.
Players
Lauderhill 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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93