Shmuel Aizenberg Acquires Multifamily Property In Fort Lauderdale, FL For $2.7M
SOLD
$2,685,000
Florida
See Similar DealsMultiFamily7,303 SF
Sold 06/27/2022
SOLD
Shmuel Aizenberg Acquires Multifamily Property In Fort Lauderdale, FL For $2.7M
729 Southwest 2nd Avenue, Fort Lauderdale, Florida 33315, United States
See Similar DealsMultiFamily7,303 SF
Sold 06/27/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$367
Total Square Footage:7,303 SF
Transaction Type:Sale
A multifamily property located at 729 SW 2nd CT in Fort Lauderdale, FL has been sold in a recent transaction. The property spans 7,303 square feet and was sold for a price of $2,685,000, resulting in a price per square foot of $367.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,685,000
- Address: 729 SW 2nd CT, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer of the property is Shmuel Aizenberg, while the seller is Mitchell J Lambert & Haan Nolan.
Additional details about the transaction are not available.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$143,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,539.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,728.27
Annual Debt Service$152,739.24
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