Updated Dec 4, 2024
Starwood Capital Group Acquires Multifamily Property In Fort Lauderdale For $28M
721 Northwest 19th Street, Fort Lauderdale, Florida 33311, United States
$28,000,000
$172/SF
Building Size
162,279 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
About this deal
AI
The multifamily property located at 721 NW 19th Street in Fort Lauderdale has been sold for a price of $28,000,000. Spanning across 6.2 acres, the property is composed of 150 units with a total of 162,279 square feet. The price per unit is calculated at $186,667, while the price per square foot is $173.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,000,000
- Address: 721 NW 19th Street, Fort Lauderdale
- Market: Fort Lauderdale
- Acres: 6.2
The buyer, represented by Starwood Capital Group's Barry Sternlicht, acquired the property from the seller, Southport Financial Real Estate. This transaction was completed on December 22, 2021.
On the Map
$28,000,000
$172/SF
MultiFamily
View full map
Players
Fort Lauderdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Barry Sternlicht to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93