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
North 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93