Updated Oct 28, 2024
JSB Capital Group Acquires Multifamily Property In Fort Lauderdale For $150M
3700 Pacific Point Pl, Lauderdale Lakes, Florida 33309, United States
$150,000,000
$1,590/SF
Building Size
94,311 SF
Asset Type
MultiFamily
Closing
Jun 2, 2022
About this deal
AI
A multifamily property located at 3700 Pacific Point Pl in Fort Lauderdale has been sold for $150,000,000. The property consists of 420 units with an average price per unit of $357,143. It spans across 94,311 square feet, resulting in a price per square foot of $1,590.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $150,000,000
- Address: 3700 Pacific Point Pl
- Market: Fort Lauderdale
The buyer in this transaction was JSB Capital Group. Meyer Futersak from Cedarwood represented the buyer as their broker in the deal.
On the Map
$150,000,000
$1,590/SF
MultiFamily
View full map
Players
Fort Lauderdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Meyer Futersak to view all their deals.
Browse Fort Lauderdale multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93