Updated Dec 19, 2023
Dan Newman Acquires Multifamily In Fort Lauderdale For $4.05M
2705 NE 9th Ave, Fort Lauderdale, FL, USA
$4,050,000
$257/SF
Building Size
15,737 SF
Asset Type
MultiFamily
Closing
May 4, 2021
About this deal
AI
The multifamily property located at 2705 NE 9th Ave in Fort Lauderdale has been sold in a recent transaction. The property spans 15,737 square feet and was sold for a total price of $4,050,000, resulting in a price per square foot of $257.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,050,000
- Square Footage: 15,737
- Price per Square Foot: $257
- Address: 2705 NE 9th Ave, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of the property is Dan Newman, while the seller is Diem H. Tran.
Players
Fort Lauderdale 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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93