Yousef Botros Acquires Fort Lauderdale Multifamily For $2.95M
SOLD
$2,950,000
Florida
See Similar DealsMultiFamily4,597 SF
Sold 05/31/2022
SOLD
Yousef Botros Acquires Fort Lauderdale Multifamily For $2.95M
4209 El Mar Drive, Fort Lauderdale, Florida 33308, United States
See Similar DealsMultiFamily4,597 SF
Sold 05/31/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$641
Total Square Footage:4,597 SF
Transaction Type:Sale
The multifamily property located at 4209 El Mar Dr in Fort Lauderdale, FL has been sold in a recent transaction. The property spans 4,597 square feet and was sold for a price of $2,950,000, resulting in a price per square foot of $641.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,950,000
- Address: 4209 El Mar Dr, Fort Lauderdale, FL
- Square Footage: 4,597
- Price per Square Foot: $641
The buyer in this transaction is Yousef Botros, while the seller is Jesse Dalen.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$157,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06
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