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
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.
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