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241 Northwest 40th Street

Nicole Fernandez Acquires Multifamily Complex From Eyal Halali In Fort Lauderdale For $1.48M
SOLDMultiFamily

Nicole Fernandez Acquires Multifamily Complex From Eyal Halali In Fort Lauderdale For $1.48M

241 Northwest 40th Street

$1,480,000

$290/SF

Building Size

5,100 SF

Asset Type

MultiFamily

Closing

May 30, 2024

AI

The property involved in this transaction is a multifamily asset located at 241 Northwest 40th Street in Fort Lauderdale. The sale price for the property was $1,480,000, which includes six units with two bedrooms and one bathroom each. The total square footage of the complex is 5,100, resulting in a price per unit of $246,666 and a price per square foot of $290. The building was constructed in 2004.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,480,000
  • Units: 6
  • Square Footage: 5,100
  • Price Per Unit: $246,666
  • Price Per Square Foot: $290
  • Buyer: Nicole Fernandez
  • Seller: Eyal Halali
  • Broker: Gabriel Baratto - Coldwell Banker

The deal was facilitated by Gabriel Baratto representing Coldwell Banker, who played a crucial role in connecting the buyer and seller in this multifamily transaction.

Players

Gabriel Baratto

Coldwell Banker

Broker

$36.4M

vol

13 deals

Broker

Oakland Park 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

10.72%

Cash-on-Cash

-3.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93