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Sam Judd Acquires Multifamily Property In Fort Lauderdale,FL For $10M

Property Image
SOLD
$10,000,000

Florida

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MultiFamily4,905 SF
Sold 02/03/2021
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Property Image
SOLD

Sam Judd Acquires Multifamily Property In Fort Lauderdale,FL For $10M

737 Northeast 2nd Street, Fort Lauderdale, Florida 33301, United States

See Similar Deals
MultiFamily4,905 SF
Sold 02/03/2021
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$2,038
Total Square Footage:4,905 SF
Transaction Type:Sale

The multifamily property located at 733-737 NE 2nd Ave in Fort Lauderdale, FL has been sold for a price of $10,000,000. The property spans across 4,905 square feet, resulting in a price per square foot of $2,039.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,000,000
  • Square Footage: 4,905
  • Price per Square Foot: $2,039
  • Address: 733-737 NE 2nd Ave, Fort Lauderdale, FL
  • Market: Fort Lauderdale, FL

The buyer of the property is Sam Judd, while the sellers are Scott Sherman and Benjamin Mandell.

Players

Scott Sherman
14 deals$220M volume
BROKER

Sam Judd
Asana Partners
6 deals$31.1M volume
BUYER

Scott Sherman
Tricera Capital
14 deals$220M volume
SELLER

Details

SOLD
IMAGE: 02/03/2021 ADDRESS: 733-737 NE 2nd Ave MARKET: Fort Lauderdale,FL ASSET TYPE: Multifamily BUYER: Sam Judd SELLER: Scott Sherman & Benjamin Mandell PRICE: $10,000,000 SF: 4,905 ~ PPSF: $2,039

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22