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.
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