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37 Hendricks Isle Drive, Fo...

Leonardo Ungaro Acquires Multifamily Property In Fort Lauderdale For $3.7M
SOLDMultiFamily

Leonardo Ungaro Acquires Multifamily Property In Fort Lauderdale For $3.7M

37 Hendricks Isle Drive, Fort Lauderdale, Florida 33301, United States

$3,700,000

$411/SF

Building Size

9,000 SF

Asset Type

MultiFamily

Closing

Sep 16, 2022

AI

The multifamily property located at 37 Hendricks Isle in Fort Lauderdale has been sold for $3,700,000. This off-market deal was finalized on September 16, 2022. The property spans across a total of 9,000 square feet, offering ample space for its residents. The buyer in this transaction is Leonardo Ungaro while the seller is Dennis J. Eisinger. Both the buyer and the seller were represented by Garrick Benabe and Wiley Corbet III from APEX Capital Realty.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,700,000
  • Address: 37 Hendricks Isle, Fort Lauderdale
  • Market: Fort Lauderdale

Garrick Benabe and Wiley Corbet III from APEX Capital Realty played pivotal roles in this deal, representing both the buyer and the seller. They are actively seeking similar types of properties for their 1031 buyers. For more information, you can contact Garrick Benabe at [email protected] or (954) 993-5520, or Wiley Corbett III at [email protected] or (252) 412-0366.

Players

Garrick Benabe

APEX Capital Realty

Broker

$62.5M

vol

4 deals

Broker

Fort Lauderdale 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

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93