Updated Dec 21, 2023
Oren Hilel Acquires Multifamily Property In Fort Lauderdale, FL For $3.1M
347 North Birch Road, Fort Lauderdale, Florida 33304, United States
$3,100,000
$521/SF
Building Size
5,943 SF
Asset Type
MultiFamily
Closing
May 31, 2022
About this deal
AI
The multifamily property located at 347 N Birch Rd in Fort Lauderdale, FL has been sold in a recent transaction. The property spans a total of 5,943 square feet and was sold for a price of $3,100,000, resulting in a price per square foot of $521.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 347 N Birch Rd, Fort Lauderdale, FL
- Square Footage: 5,943 sq ft
- Buyer: Oren Hilel
- Seller: Savneet Napaul & Parth S. Bharill
Oren Hilel has acquired the property located at 347 N Birch Rd in Fort Lauderdale, FL. The sellers of the property were Savneet Napaul and Parth S. Bharill.
Players
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93