Maor Benami & Inbal Ruiz Acquire Multifamily Property In Fort Lauderdale For $2.2M
SOLD
$2,200,000
Florida
See Similar DealsMultiFamily12,251 SF
Sold 01/28/2021
SOLD
Maor Benami & Inbal Ruiz Acquire Multifamily Property In Fort Lauderdale For $2.2M
3030 Northeast 21st Terrace, Fort Lauderdale, FL, USA
See Similar DealsMultiFamily12,251 SF
Sold 01/28/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$179
Total Square Footage:12,251 SF
Transaction Type:Sale
The multifamily property located at 3030 NE 21st Terrace in Fort Lauderdale was recently sold. The sale took place on January 28, 2021. The property spans over 12,251 square feet with a price per square foot of $179. The transaction closed at a sale price of $2,200,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 3030 NE 21st Terrace, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of the property is Maor Benami and Inbal Ruiz, while the seller is Aaron Kurlansky. Evan Kristol from Marcus & Millichap represented the transaction as the broker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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