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728 Southwest 81st Avenue

Dan Dratch & Ryan Wold Of Franklin Street Facilitate Sale Of North Lauderdale Multifamily For $9.3M
SOLDMultiFamily

Dan Dratch & Ryan Wold Of Franklin Street Facilitate Sale Of North Lauderdale Multifamily For $9.3M

728 Southwest 81st Avenue

$9,300,000

$326/SF

Building Size

28,500 SF

Asset Type

MultiFamily

Closing

Jun 2, 2025

AI

The property asset involved in the transaction is a multifamily unit located at 728 Southwest 81st Avenue in North Lauderdale. The sale price for this asset was $9,300,000, which encompasses 30 units. The total square footage of the property is 28,500, resulting in a price per unit of $310,000 and a price per square foot of $326.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,300,000
  • Units: 30
  • Square Footage: 28,500
  • Price Per Unit: $310,000
  • Price Per Square Foot: $326
  • Date of Sale: 6/3/2025
  • Address: 728 Southwest 81st Avenue
  • Market: North Lauderdale
  • Brokers: Dan Dratch & Ryan Wold - Franklin Street

Dan Dratch and Ryan Wold represented the transaction as brokers from Franklin Street, facilitating the sale of the multifamily property. Their involvement in this transaction highlights their role in navigating the complexities of the deal within the North Lauderdale market.

Players

Dan Dratch

Franklin Street

Broker

$267.8M

vol

48 deals

Broker

North Lauderdale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93