Sam Judd Acquires Multifamily Property In Fort Lauderdale,FL For $10M
737 Northeast 2nd Street, Fort Lauderdale, Florida 33301, United States
$10,000,000
$2,038/SF
Building Size
4,905 SF
Asset Type
MultiFamily
Closing
Feb 2, 2021
AI
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
Fort 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93