Vino Kulhari Acquires Palm Aire Multifamily In Fort Lauderdale For $7M
3050 Northwest 68th Street, Fort Lauderdale, FL, USA
$7,000,000
$352/SF
Building Size
19,838 SF
Asset Type
MultiFamily
Closing
Aug 27, 2021
AI
Located at 3050 NW 68th St. in Palm Aire, Fort Lauderdale, this multifamily property has recently been sold in a closed transaction. The sale took place on 08/27/2021, with a sale price of $7,000,000. The property spans 19,838 square feet, resulting in a price per square foot of $353.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Address: 3050 NW 68th St., Palm Aire, Fort Lauderdale
- Market: Palm Aire, Fort Lauderdale
The buyer in this transaction is Vino Kulhari of Terra Equity Group, while the sellers are Noah Leon and Steven Guasch of Defined Companies. Representing the buyer, Dan Dratch and Greg Matus of Franklin Street played a crucial role in the deal. On the other hand, Tal Frydman of Newmark acted as the seller's representative.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93