Cortland Acquires Deerfield Beach Multifamily For $70M
SOLD
$70,000,000
Florida
See Similar DealsMultiFamily
Sold 06/10/2020
SOLD
Cortland Acquires Deerfield Beach Multifamily For $70M
67 Southwest 12th Avenue, Deerfield Beach, Florida 33442, United States
See Similar DealsMultiFamily
Sold 06/10/2020
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
Cortland has acquired a multifamily property located at 67 SW 12th Avenue in Deerfield Beach. The transaction took place on June 10, 2021, with Ram Realty Advisors as the seller. The property consists of 226 units and was sold for a total price of $70,000,000, resulting in a per unit price of $309,735.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $70,000,000
- Address: 67 SW 12th Avenue
- Market: Deerfield Beach
- Buyer: Cortland
- Seller: Ram Realty Advisors
- Brokers: Still Hunter, Greg Engler & Kaya Suarez - Walker & Dunlop
- Units: 226
- Per Unit Price: $309,735
Noteworthy individuals involved in the deal include Still Hunter, Greg Engler, and Kaya Suarez from Walker & Dunlop, who represented both the buyer and seller in the transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,733,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$248,695.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$331,835.71
Annual Debt Service$3,982,028.55
Is there something missing? Send suggestions