Sam Judd Acquires Multifamily Property In Fort Lauderdale,FL For $10M
SOLD
Florida
See Similar DealsMultiFamily4,905 SF
Sold 02/03/2021
SOLD
Sam Judd Acquires Multifamily Property In Fort Lauderdale,FL For $10M
737 Northeast 2nd Street, Fort Lauderdale, Florida 33301, United States
See Similar DealsMultiFamily4,905 SF
Sold 02/03/2021
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.
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Deal Type
30 years
10 years
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
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