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
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