Juda Klein Purchases Multifamily Property On Somerset Drive From Richard Weit For $9.5M
SOLD
$9,500,000
Florida
See Similar DealsMultiFamily64,308 SF
Sold 07/11/2025
SOLD
Juda Klein Purchases Multifamily Property On Somerset Drive From Richard Weit For $9.5M
2830 Somerset Drive
See Similar DealsMultiFamily64,308 SF
Sold 07/11/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$147
Total Square Footage:64,308 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 2830 Somerset Drive in Lauderdale Lakes. The sale price for this property was $9,500,000, and it comprises a total of 68 units. The property has a square footage of 64,308, resulting in a price per unit of $139,705 and a price per square foot of $147.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,500,000
- Units: 68
- Square Footage: 64,308
- Price Per Unit: $139,705
- Price Per Square Foot: $147
- Buyer: Juda Klein
- Seller: Richard Weit
- Brokers: Austin Michels, Felipe Echarte & Evan Kristol - Marcus & Millichap
In this transaction, Juda Klein acted as the buyer while Richard Weit served as the seller. The brokers facilitating the deal were Austin Michels, Felipe Echarte, and Evan Kristol, all affiliated with Marcus & Millichap.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
Is there something missing? Send suggestions