Union Investment Acquires Property At 421 NE 6th St Fort Lauderdale For $226.5M With Seller's Reps Kaya Robert Suarez And Greg Engler
SOLD
$226,500,000
Florida
See Similar DealsMultiFamily
SOLD
Union Investment Acquires Property At 421 NE 6th St Fort Lauderdale For $226.5M With Seller's Reps Kaya Robert Suarez And Greg Engler
421 NE 6th St, Fort Lauderdale, FL 33304
See Similar DealsMultiFamily
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
The sale involves a high-rise apartment complex known as EON Squared, located at 421 NE 6th St, Fort Lauderdale, FL. The transaction was valued at $226,500,000. The property does not have specified square footage but includes a total of 476 units across two towers, which are part of a luxury development in Fort Lauderdale's Flagler Village submarket.
Summary of transaction details:
- Property Type: Apartment Complex
- Transaction Amount: $226,500,000.00
- Address: 421 NE 6th St, Fort Lauderdale, FL
- Buyer: Union Investment
- Seller's Representative: Kaya Robert Suarez-Walker & Dunlop, Greg Engler-Engler Realty Advisors
- Seller: Alta Developers
- Property Units: 476
Walker & Dunlop acted as the broker and advisor for this transaction, with key team members including Still Hunter, Greg Engler, and Kaya Suarez. Union Investment, acquiring their first U.S. multifamily assets, expressed enthusiasm about the purchase, highlighting the significant rental growth in Fort Lauderdale and the appeal of the Flagler Village area.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$12,079,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$804,706.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,073,725.55
Annual Debt Service$12,884,706.66
Is there something missing? Send suggestions