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Vino Kulhari Acquires Palm Aire Multifamily In Fort Lauderdale For $7M

Property Image
SOLD
$7,000,000
Greg Matus
Dan Dratch
+ 2

Florida

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MultiFamily19,838 SF
Sold 08/27/2021
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Property Image
SOLD

Vino Kulhari Acquires Palm Aire Multifamily In Fort Lauderdale For $7M

3050 Northwest 68th Street, Fort Lauderdale, FL, USA

See Similar Deals
MultiFamily19,838 SF
Sold 08/27/2021
Greg Matus
Dan Dratch
+ 2
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$352
Total Square Footage:19,838 SF
Transaction Type:Sale

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

Greg Matus
39 deals$386.5M volume
BROKER

Dan Dratch
Franklin Street
48 deals$267.8M volume
BROKER

Tal Frydman
Newmark
16 deals$658.9M volume
BROKER

BUYER

2 deals$14M volume
SELLER

2 deals$14M volume
SELLER

Details

SOLD
IMAGE: Tal Frydman, Steven Guasch, Vino Kulhari, Dan Dratch, Greg Matus & Noah Leon DATE: 08/27/2021 ADDRESS: 3050 NW 68th St. MARKET: Palm Aire, Fort Lauderdale ASSET TYPE: Multifamily BUYER: Vino Kulhari - Terra Equity Group SELLER: Noah Leon & Steven Guasch - Defined Companies BUYER'S REP: Dan Dratch & Greg Matus - Franklin Street SELLER'S REP: Tal Frydman - Newmark SALE PRICE: $7,000,000 SF: 19,838 ~ PPSF: $353

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85