Updated Dec 19, 2023
Vicente L. Pass Acquires Multifamily Property In Fort Lauderdale For $5.5M
2323 Southeast 18th Street, Fort Lauderdale, Florida 33316, United States
$5,500,000
$811/SF
Building Size
6,781 SF
Asset Type
MultiFamily
Closing
Sep 13, 2022
About this deal
AI
The multifamily property located at 2323 SE 18th St in Fort Lauderdale, FL was recently sold. The property spans a total of 6,781 square feet and was sold for a price of $5,500,000, resulting in a price per square foot of $811.
Summary of transaction details:
- Property Type: Multifamily
- Sale Date: 09/14/2022
- Address: 2323 SE 18th St, Fort Lauderdale, FL
- Buyer: Vicente L. Pass
- Seller: Merryl Wiener
- Price: $5,500,000
- Square Footage: 6,781
Vicente L. Pass acted as the buyer in this transaction, while Merryl Wiener was the seller. Both parties were represented by their respective brokers.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93