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3333 Northeast 36th Street

Shawn Rodriguez Purchases Multifamily Property From Ozgur Alci For $517,000 In Fort Lauderdale
SOLDMultiFamily

Shawn Rodriguez Purchases Multifamily Property From Ozgur Alci For $517,000 In Fort Lauderdale

3333 Northeast 36th Street

$517,000

$449/SF

Building Size

1,150 SF

Asset Type

MultiFamily

Closing

Jul 29, 2024

AI

The property involved in this transaction is a multifamily asset located at 3333 Northeast 36th Street Unit 5 in Fort Lauderdale. The asking price was $525,000, and the property ultimately sold for $517,000. It encompasses 1,150 square feet, translating to a price per square foot of $449.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $517,000
  • Buyer: Shawn Rodriguez
  • Seller: Ozgur Alci
  • Buyer's Representative: Benjamin Mayell & Allissar Ostrer - Mayell Real Estate
  • Asking Price: $525,000
  • Square Footage: 1,150
  • Price per Square Foot: $449

The deal was represented by Benjamin Mayell and Allissar Ostrer from Mayell Real Estate, who played a crucial role in facilitating the transaction for the buyer. The brokers noted the property as a notable waterfront investment.

Players

Benjamin Mayell

Mayell Real Estate

Broker

$30.3M

vol

18 deals

Broker

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

30.68%

Cash-on-Cash

-8.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93