Updated Jun 24, 2025
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
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
12.54%
Cash-on-Cash
-3.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93