Updated Dec 19, 2023
Estrela Georgescu And Tache Gabriel Gerogescu Acquire Multi Family Property On Minnetonka Rd In Fort Lauderdale, FL For $8.6M
36 Minnetonka Road, Sea Ranch Lakes, FL, USA
$8,625,000
$1,203/SF
Building Size
7,166 SF
Asset Type
MultiFamily
Closing
Sep 16, 2021
About this deal
AI
Located at 36 Minnetonka Rd in Fort Lauderdale, FL, this multi-family property was recently sold. The transaction took place on September 17, 2021, with a sale price of $8,625,000. The property spans across 7,166 square feet, resulting in a price per square foot of $1,204.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $8,625,000
- Address: 36 Minnetonka Rd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Estrela Georgescu, Tache Gabriel Gerogescu, Stefan Georgescu, Natalia Georgescu
- Seller: Richard Hamilton & Tj Hamilton
- Square Footage: 7,166
- Price Per Square Foot: $1,204
The sale of this property was facilitated by Richard Hamilton & Tj Hamilton as the seller's representation. Estrela Georgescu, Tache Gabriel Gerogescu, Stefan Georgescu, and Natalia Georgescu acted as the buyers in this transaction.
Players
Sea Ranch 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93