Updated Dec 21, 2023
George Gavros & Dora Gavros Acquire Multifamily Property In Fort Lauderdale For $8.75M
603 Northeast 28th Street, Fort Lauderdale, Florida 33334, United States
$8,750,000
$302/SF
Building Size
28,920 SF
Asset Type
MultiFamily
Closing
Aug 2, 2022
About this deal
AI
The multifamily property located at 603-611 NE 28th St in Fort Lauderdale, FL has been sold. The transaction took place on August 3, 2022. The property spans a total area of 28,920 square feet and has been sold for a price of $8,750,000. The price per square foot for this transaction stands at $302.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,750,000
- Address: 603-611 NE 28th St, Fort Lauderdale, FL
- Square Footage: 28,920
- Price per Square Foot: $302
The buyers of this multifamily property are George Gavros and Dora Gavros. They have acquired the property from the seller, Domenick Tonacchio.
On the Map
$8,750,000
$302/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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93