Updated Sep 12, 2025
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
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93