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721 Northwest 3rd Avenue

Updated Sep 12, 2025

Jibrael Hindi Purchases Fort Lauderdale Multifamily From Patricia A Bedley & Michael D Bedley For $1.95M
SOLDMultiFamily

Jibrael Hindi Purchases Fort Lauderdale Multifamily From Patricia A Bedley & Michael D Bedley For $1.95M

721 Northwest 3rd Avenue

$1,950,000

$182/SF

Building Size

10,684 SF

Asset Type

MultiFamily

Closing

Aug 19, 2025

About this deal

AI

The transaction involves a multi-family asset located at 721 Northwest 3rd Avenue in Fort Lauderdale. The property comprises 10 units, with a total square footage of 10,684 and a sale price of $1,950,000, equating to a price per unit of $195,000 and a price per square foot of $182.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,950,000
  • Units: 10
  • Square Footage: 10,684
  • Price Per Unit: $195,000
  • Price Per Square Foot: $182
  • Buyer: Jibrael Hindi
  • Seller: Patricia A Bedley & Michael D Bedley
  • Buyer's Representative: Melissa Tejada & Bryan Perez Vinueza - One Sotheby’s Opulent Group; Principal, Jennifer Leong

The deal was facilitated by Jibrael Hindi as the buyer from sellers Patricia A Bedley and Michael D Bedley. The representation for the buyer was provided by Melissa Tejada and Bryan Perez Vinueza, associated with One Sotheby’s Opulent Group, under the principal Jennifer Leong.

Players

Jennifer Leong

Sotheby's International Realty

Broker

$9.6M

vol

3 deals

Broker
One Sotheby’s International Realty
One Sotheby’s International RealtyBrokerage

Fort Lauderdale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $182 per square foot on a published $2M for 10,684 square feet (2025).

Visit Jennifer Leong to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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