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480 Northwest 24th Avenue

Summer Lake Villas Sold For $8.3M With Buyer's Rep Daniel A. Lopez And Seller's Rep Calum Weaver
SOLDMultiFamily

Summer Lake Villas Sold For $8.3M With Buyer's Rep Daniel A. Lopez And Seller's Rep Calum Weaver

480 Northwest 24th Avenue

$8,300,000

$215/SF

Building Size

38,566 SF

Asset Type

MultiFamily

Closing

Oct 1, 2025

AI

The asset involved in this transaction is a multifamily property located at 480 Northwest 24th Avenue in Fort Lauderdale. The sale price was $8,300,000, encompassing 58 units. The property has a total square footage of 38,566 and a price per unit of $143,103, resulting in a price per square foot of $215.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,300,000
  • Units: 58
  • Square Footage: 38,566
  • Price per Unit: $143,103
  • Price per Square Foot: $215
  • Address: 480 Northwest 24th Avenue
  • Market: Fort Lauderdale
  • Seller: Summer Lake Villas
  • Buyer's Representative: Daniel A. Lopez - United Dream Real Estate
  • Seller's Representative: Calum Weaver - CBRE

This transaction involved key individuals, with Daniel A. Lopez representing the buyer through United Dream Real Estate, and Calum Weaver acting as the seller's representative from CBRE, providing essential brokerage services for this multifamily asset sale.

Players

Calum Weaver

CBRE

Broker

$621.2M

vol

30 deals

Broker
CBRE
CBREBrokerage

Fort Lauderdale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.91%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93