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2931 Southwest 12th Avenue

Updated Jun 24, 2025

Seth Kaufman Acquires Multifamily Asset In Fort Lauderdale From Eco Developers For $1.265M
SOLDMultiFamily

Seth Kaufman Acquires Multifamily Asset In Fort Lauderdale From Eco Developers For $1.265M

2931 Southwest 12th Avenue

$1,265,000

$451/SF

Building Size

2,800 SF

Asset Type

MultiFamily

Closing

Jun 11, 2025

About this deal

AI

The property asset involved in this transaction is a multifamily unit located at 2931 Southwest 12th Avenue, Fort Lauderdale. The sale was completed at a price of $1,265,000 for a total of 2 units, translating to a price per unit of $632,500. The total square footage of the asset is 2,800, which yields a price per square foot of $451.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,265,000
  • Units: 2
  • Price Per Unit: $632,500
  • Square Footage: 2,800
  • Price Per Square Foot: $451
  • Buyer: Seth Kaufman
  • Seller: Eco Developers
  • Brokers: Bryan Perez Vinueza & Melissa Tejada - Sotheby’s Opulent Group
  • Principal: Jennifer Leong

This deal features prominent individuals such as Bryan Perez Vinueza and Melissa Tejada, who represented the seller, Eco Developers, in the transaction. Principal Jennifer Leong is affiliated with Sotheby’s Opulent Group, underscoring the professional representation in this multifamily sale.

Players

Jennifer Leong

Sotheby's International Realty

Broker

$9.6M

vol

3 deals

Broker
One Sotheby’s International Realty
One Sotheby’s International RealtyBrokerage

Fort Lauderdale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $451 per square foot on a published $1.3M for 2,800 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.54%

Cash-on-Cash

-3.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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