Steven Oved Acquires Multifamily Property In Fort Lauderdale For $3.44M
247 Southwest 3rd Avenue, Fort Lauderdale, Florida 33312, United States
$3,440,000
$489/SF
Building Size
7,022 SF
Asset Type
MultiFamily
Closing
Jun 15, 2022
AI
The multifamily property located at 247 SW 3rd Ave in Fort Lauderdale, FL has been sold. The transaction took place on June 16, 2022, with a selling price of $3,440,000. The property spans a total of 7,022 square feet, resulting in a price per square foot of $489.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,440,000
- Address: 247 SW 3rd Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Square Footage: 7,022
- Price per Square Foot: $489
The buyer of the property is Steven Oved, while the seller in the transaction is Marc Schwarzberg.
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
4.61%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93