Updated Dec 19, 2023
Marcus & Millichap Brokers Facilitate $7.8M Sale Of Multifamily Property In Lauderdale Lakes
4711 NW 24th Ct, Lauderdale Lakes, FL, USA
$7,800,000
$163/SF
Building Size
47,766 SF
Asset Type
MultiFamily
Closing
Nov 24, 2021
About this deal
AI
A multifamily property located at 4711 NW 24th Ct in Lauderdale Lakes has been sold for a total price of $7,800,000. The property consists of 78 units, resulting in a price per unit (PPU) of $100,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,800,000
- Units: 78
- PPU: $100,000
- Market: Lauderdale Lakes
The sale was facilitated by Felipe J. Echarte, Brandon J. Rex, and Evan P. Kristol of Marcus & Millichap.
The multifamily sale at 4711 NW 24th Ct, Lauderdale Lakes, FL, USA in Lauderdale Lakes, Florida sold for $7.8M in 2021. Reported inventory is 47,766 square feet across 78 units, or about 163 per square foot. Brandon Rex, Felipe Echarte, Evan Kristol, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Lauderdale Lakes, Florida file for the 4711 NW 24th Ct, Lauderdale Lakes, FL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Lauderdale Lakes sit in the Market section below. Filter that Lauderdale Lakes multifamily set by closing date to see what else sold near 4711 NW 24th Ct, Lauderdale Lakes, FL, USA around 2021. Published consideration for 4711 NW 24th Ct, Lauderdale Lakes, FL, USA is $7.8M, dated 2021. Cite this Marcus & Millichap Brokers Facilitate $7.8M Sale Of Multifamily Property In Lauderdale Lakes sale when underwriting similar multifamily product around Lauderdale Lakes, Florida.
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