Updated May 15, 2026
Jay Krigsman Purchases Multifamily Property From Shimon Mazar For $5.8 Million In Lauderhill
2561 Northwest 56th Avenue
$5,800,000
$174/SF
Building Size
33,246 SF
Asset Type
MultiFamily
Closing
May 11, 2026
About this deal
AI
The transaction involves a multifamily asset located at 2561 Northwest 56th Avenue in Lauderhill. It consists of 36 units and spans a total square footage of 33,246. The property was sold for $5,800,000, which translates to a price per unit of $161,111 and a price per square foot of $174.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Units: 36
- Square Footage: 33,246
- Price Per Unit: $161,111
- Price Per Square Foot: $174
- Buyer: Jay Krigsman
- Seller: Shimon Mazar
- Brokers: Erik Leon & Gabriel Pena - Matthews
Erik Leon and Gabriel Pena represented the transaction as the brokers from Matthews. They played a crucial role in facilitating the deal between the buyer, Jay Krigsman, and the seller, Shimon Mazar, ensuring all aspects of the transaction were managed effectively.
On the Map
$5,800,000
$174/SF
MultiFamily
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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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93