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
Fort Lauderdale 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93