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740 Northeast 13th Court, F...

Justin Sult & Andrew Smith Acquire Fort Lauderdale Multifamily For $3.25M
SOLDMultiFamily

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

Justin Sult

Buyer

$5.4M

vol

2 deals

Buyer

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