Tyler Henritze, William J. Stein & Brian Kim Acquire Fort Lauderdale Multifamily For $32.1M
SOLD
Florida
See Similar DealsMultiFamily512,286 SF
Sold 01/13/2022
SOLD
Tyler Henritze, William J. Stein & Brian Kim Acquire Fort Lauderdale Multifamily For $32.1M
2700 Northwest 44th Street, Oakland Park, Florida 33309, United States
See Similar DealsMultiFamily512,286 SF
Sold 01/13/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$62
Total Square Footage:512,286 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,711,225.91
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$113,992.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$152,101.57
Annual Debt Service$1,825,218.87
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