Updated Aug 11, 2026
Nicholas Roberts And Asha Roberts Buy 112-Unit Multifamily Community In Lauderdale Lakes For $19.25M
3400 Northwest 50th Avenue & 3460 Northwest 50th Avenue
$19,250,000
$250/SF
Building Size
38,621 SF
Asset Type
MultiFamily
Closing
Jul 31, 2026
About this deal
AI
The transaction involves a multifamily asset located at 3400 Northwest 50th Avenue & 3460 Northwest 50th Avenue in Lauderdale Lakes. The sale price for the property was $19,250,000, encompassing a total of 112 units. The overall square footage of the asset is 76,868, with a price per unit calculated at $171,875 and a price per square foot of $250.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $19,250,000
- Units: 112
- Square Footage: 76,868
- Price Per Unit: $171,875
- Price Per Square Foot: $250
- Buyer: Nicholas Roberts & Asha Roberts
- Seller: Kris Persaud
- Brokers: Evan Richardson, Dillon Majeski, Daniel J. Cunningham, Cory Sanchez & River Rhoads - Marcus & Millichap
- Date of Sale: 07/31/2026
The Cunningham - Richardson Group of Marcus & Millichap successfully facilitated the transaction, representing the seller and directly procuring the buyer, as noted by Daniel Cunningham, the lead agent on the deal.
On the Map
$19,250,000
$250/SF
MultiFamily
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Players
Lauderdale Lakes 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
0.82%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93