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
Fort Lauderdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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