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2700 Northwest 44th Street,...

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

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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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