Eduardo Pelaez Acquires Fort Lauderdale Multifamily For $8M
3019 Harbor Drive, Fort Lauderdale, Florida 33316, United States
$8,000,000
$863/SF
Building Size
9,269 SF
Asset Type
MultiFamily
Closing
Apr 24, 2022
AI
The multifamily property located at 3019 Harbor Dr in Fort Lauderdale, FL has been sold in a closed transaction. The property spans a total area of 9,269 square feet and was sold at a price of $8,000,000. This translates to a price per square foot of $863.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 3019 Harbor Dr, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
Eduardo Pelaez has acquired the property from Richard C. Malone. Eduardo Pelaez acted as the buyer in this transaction, while Richard C. Malone served as the seller.
Players
Fort Lauderdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93