Updated Dec 4, 2024
Alf Fort Lauderdale LLC Acquires Multifamily Property In Fort Lauderdale For $4.7M
5120 Northeast 18th Terrace, Fort Lauderdale, FL, USA
$4,700,000
$1,548/SF
Building Size
3,036 SF
Asset Type
MultiFamily
Closing
Oct 12, 2021
About this deal
AI
Located in Fort Lauderdale, the multifamily property at 5120 NE 18th Ter was recently sold in a closed transaction. The sale took place on October 13, 2021, with a purchase price of $4,700,000. The property spans 3,036 square feet, resulting in a price per square foot of $1,548.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Address: 5120 NE 18th Ter
- Market: Fort Lauderdale
Alf Fort Lauderdale LLC acted as the buyer, and Jed Walter & Eusebio Noblefranca represented the seller in this transaction.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93