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2700 Northwest 44th Street,...

Updated Dec 19, 2023

Bilt advertisement
Tyler Henritze, William J. Stein & Brian Kim Acquire Fort Lauderdale Multifamily For $32.1M
SOLDMultiFamily

Tyler Henritze, William J. Stein & Brian Kim Acquire Fort Lauderdale Multifamily For $32.1M

2700 Northwest 44th Street, Oakland Park, Florida 33309, United States

$32,085,486

$62/SF

Building Size

512,286 SF

Asset Type

MultiFamily

Closing

Jan 12, 2022

About this deal

AI

The multifamily property located at 2700 NW 44th St in Fort Lauderdale, FL has been sold in a transaction dated January 13, 2022. The property spans a total area of 512,286 square feet, with a price per square foot of $62.63. The transaction was closed at a total price of $32,085,486.00. The buyer of the property includes Tyler Henritze, William J. Stein, and Brian Kim, while the seller is Leon J Wolfe.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $32,085,486.00
  • Address: 2700 NW 44th St, Fort Lauderdale, FL
  • Market: Fort Lauderdale, FL
  • Square Footage: 512,286
  • Price per Square Foot: $62.63

The transaction involved Tyler Henritze, William J. Stein, and Brian Kim as the buyers of the property. They represented themselves in the deal. On the other side, Leon J Wolfe served as the seller. This sale represents a significant transaction in the Fort Lauderdale market and showcases the continued demand for multifamily properties.

Players

Brian Kim

Buyer

$200.9M

vol

8 deals

Buyer

Leon J Wolfe

Seller

$109.6M

vol

5 deals

Seller

Oakland Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $62 per square foot on a published $32.1M for 512,286 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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