Updated Dec 21, 2023
Santiago Alvarez Acquires Multifamily Property In Lauderdale Lakes From Jerry Slubowski
4711 Northwest 24th Court, Lauderdale Lakes, FL, USA
$7,800,000
$153/SF
Building Size
50,856 SF
Asset Type
MultiFamily
Closing
Oct 5, 2021
About this deal
AI
Santiago Alvarez has purchased a multifamily property located at 4711-4757 NW 24th Court in Lauderdale Lakes. The property consists of 78 units, with a total square footage of 50,856. The asking price and sale price for this transaction were both $7,800,000, resulting in a price per unit of $100,000 and a price per square foot of $153.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,800,000
- Units: 78
- Price per Unit: $100,000
- Square Footage: 50,856
- Price per Square Foot: $153
The buyer representative for this deal is Felipe Echarte, Jr. from Marcus & Millichap, while the seller is Jerry Slubowski. Both parties were represented by brokers Felipe Echarte, Jr. and Evan Kristol from Marcus & Millichap.
On the Map
$7,800,000
$153/SF
MultiFamily
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Players
Lauderdale Lakes 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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93