SOLDMultiFamily
Carlos Saa Purchases Multifamily Property From George Beebe For $1.375M In Lauderdale By The Sea
4204 North Ocean Drive
$1,375,000
$520/SF
Building Size
2,643 SF
Asset Type
MultiFamily
Closing
Jul 31, 2026
AI
The property asset involved in this transaction is a multifamily unit located at 4204 North Ocean Drive in Lauderdale by the Sea. It consists of 4 units, encompassing a total square footage of 2,643. The sale price for the property was $1,375,000, resulting in a price per unit of $343,750 and a price per square foot of $520.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Units: 4
- Price Per Unit: $343,750
- Square Footage: 2,643
- Price Per Square Foot: $520
- Buyer: Carlos Saa
- Seller: George Beebe
- Brokers: Alexander Gerdak, Ryan Wold & Dan Dratch - Franklin Street
Key individuals involved in the transaction include buyer Carlos Saa and seller George Beebe, with the brokers representing the deal being Alexander Gerdak, Ryan Wold, and Dan Dratch from Franklin Street.
Players
Lauderdale By The Sea 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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93