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3380 Northwest 30th Street,...

BM2 Realty Acquires Multifamily Property In Lauderdale Lakes, Fort Lauderdale For $6.95M
SOLDMultiFamily

BM2 Realty Acquires Multifamily Property In Lauderdale Lakes, Fort Lauderdale For $6.95M

3380 Northwest 30th Street, Lauderdale Lakes, FL, USA

$6,950,000

$190/SF

Building Size

36,450 SF

Asset Type

MultiFamily

Closing

Sep 17, 2021

AI

The multifamily property located at 3380-3400 NW 30th St. in Lauderdale Lakes, Fort Lauderdale has been sold. The transaction took place on 09/17/2021. The property consists of 48 units with a total square footage of 36,450. The sale price for this asset was $6,950,000, resulting in a price per unit of $144,792 and a price per square foot of $191.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,950,000
  • Market: Lauderdale Lakes, Fort Lauderdale
  • Buyer: BM2 Realty - Alejandro Gershanik
  • Seller: Tidegate Capital - Colin O'Keeffe & Guy Holbrook
  • Seller's Rep: Dan Dratch & Greg Matus - Franklin Street
  • Units: 48
  • Price per Unit: $144,792
  • Square Footage: 36,450
  • Price per Square Foot: $191

The buyer of the property is BM2 Realty represented by Alejandro Gershanki. The seller, Tidegate Capital, had Colin O'Keeffe and Guy Holbrook involved in the transaction. Dan Dratch and Greg Matus, from Franklin Street, represented the sellers in the deal.

Players

Greg Matus

Franklin Street

Broker

$386.5M

vol

39 deals

Broker

Colin O'Keeffe

Seller

$12.8M

vol

2 deals

Seller

Lauderdale Lakes 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

2.28%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93