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4351 Northeast 12th Terrace...

Andrew & Cory Shader Acquire Multifamily Property In Fort Lauderdale For $7.3M
SOLDMultiFamily

Andrew & Cory Shader Acquire Multifamily Property In Fort Lauderdale For $7.3M

4351 Northeast 12th Terrace, Oakland Park, Florida 33334, United States

$7,275,000

$224/SF

Building Size

32,436 SF

Asset Type

MultiFamily

Closing

Jan 11, 2022

AI

The multifamily property located at 4351 Ne 12th Ter in Fort Lauderdale, FL has been sold. The transaction took place on 01/12/2022. The property spans a total of 32,436 square feet, with a price per square foot of $224. The total sale price for the property was $7,275,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,275,000
  • Address: 4351 Ne 12th Ter, Fort Lauderdale, FL
  • Market: Fort Lauderdale, FL
  • Buyer: Andrew Shader & Cory Shader
  • Seller: Hugh H Mccauley
  • Square Footage: 32,436
  • Price per Square Foot: $224

The buyers in this transaction were Andrew Shader & Cory Shader. The seller of the property was Hugh H Mccauley.

Players

Andrew Shader

Buyer

$45.5M

vol

8 deals

Buyer

Oakland Park 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

2.18%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93