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3030 Northeast 21st Terrace...

Maor Benami & Inbal Ruiz Acquire Multifamily Property In Fort Lauderdale For $2.2M
SOLDMultiFamily

Maor Benami & Inbal Ruiz Acquire Multifamily Property In Fort Lauderdale For $2.2M

3030 Northeast 21st Terrace, Fort Lauderdale, FL, USA

$2,200,000

$179/SF

Building Size

12,251 SF

Asset Type

MultiFamily

Closing

Jan 27, 2021

AI

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.

Players

Aaron Kurlansky

Sheridan Capital

Broker

$588.1M

vol

20 deals

Broker
Maor Benami

Maor Benami

Pulso Capital

Buyer

$75.5M

vol

5 deals

Buyer

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93