Axonic Properties Acquires Multifamily Asset In Lauderdale Lakes For $63.6M With Brokers From Berkadia
3541 Northwest 30th Place
$63,630,000
$205/SF
Building Size
309,879 SF
Asset Type
MultiFamily
Closing
Oct 27, 2022
AI
The multifamily property located at 3541 NW 30th Pl in Lauderdale Lakes has been sold in a closed transaction. The property consists of 315 units with a total square footage of 309,879. The sale price for this transaction was $63,630,000, resulting in a price per unit of $202,000 and a price per square foot of $205.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $63,630,000
- Units: 315
- Price per Unit: $202,000
- Square Footage: 309,879
- Price per Square Foot: $205
Axonic Properties purchased the property from Integra Investments. The deal was facilitated by the following brokers from Berkadia: Jaret Turkell, Omar Morales, Roberto Pesant, Jose Mota, Brian Kennedy, and Jonathan Shechtman.
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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93