Juda Klein Purchases Multifamily Property On Somerset Drive From Richard Weit For $9.5M

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.