Justin Sult & Andrew Smith Acquire Fort Lauderdale Multifamily For $3.25M
740 Northeast 13th Court, Fort Lauderdale, Florida 33304, United States
$3,250,000
$392/SF
Building Size
8,272 SF
Asset Type
MultiFamily
Closing
Oct 20, 2022
AI
The multifamily property located at 740-748 NE 13th CT in Fort Lauderdale, FL has been sold. The transaction took place on 10/21/2022. The property spans 8,272 square feet and was sold for a price of $3,250,000, resulting in a price per square foot of $392.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Address: 740-748 NE 13th CT, Fort Lauderdale, FL
- Square Footage: 8,272
- Price per Square Foot: $392
The buyers in this transaction were Justin Sult and Andrew Smith. The sellers were Steven R Buehrer and Lynne B Buehrer.
Players
Fort 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93