Updated Aug 19, 2026
Vivek Iyengar Purchases MultiFamily Property From James Watts For $3,075,000 In Fort Lauderdale
5600 N Federal Hwy
$3,075,000
$222/SF
Building Size
13,805 SF
Asset Type
MultiFamily
Closing
Aug 30, 2012
About this deal
AI
The property asset involved in this transaction is a MultiFamily type located at 5600 N Federal Hwy in the Fort Lauderdale market. It has a total square footage of 13,805 and was sold for $3,075,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,075,000.00
- Address: 5600 N Federal Hwy
- Market: Fort Lauderdale
- Buyer: Vivek Iyengar
- Seller: James Watts
- Brokers: Arthur Porosoff, Adam Tiktin (Franklin Street)
This transaction features key individuals such as Vivek Iyengar as the buyer and James Watts as the seller, each facilitating the process of the sale. The deal was represented by brokers Arthur Porosoff and Adam Tiktin from Franklin Street, highlighting their involvement in the negotiation and completion of this transaction.
On the Map
$3,075,000
$222/SF
MultiFamily
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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
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93