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
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
Oakland Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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