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Harbordale Residences In Fort Lauderdale Sold For $2.6M With Marcus & Millichap's Evan Kristol, Brandon Rex & Austin Michels

Property Image
SOLD
$2,565,000
Austin M. Michels
Brandon Rex
Evan Kristol

Florida

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MultiFamily
Sold 09/19/2023
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Property Image
SOLD

Harbordale Residences In Fort Lauderdale Sold For $2.6M With Marcus & Millichap's Evan Kristol, Brandon Rex & Austin Michels

749 Southeast 15th Street

See Similar Deals
MultiFamily
Sold 09/19/2023
Austin M. Michels
Brandon Rex
Evan Kristol
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The Harbordale Residences in Fort Lauderdale, Florida, recently sold for $2,565,000. This boutique apartment building, located at 749 SE 15th St., consists of 11 units, offering one and two-bedroom apartments. The property also features amenities such as parking and an on-site laundry facility.

Summary of transaction details

In this transaction, Evan Kristol, Brandon Rex, and Austin Michels from Marcus & Millichap represented the parties involved. Their expertise and negotiation skills contributed to the successful sale of the Harbordale Residences.

Players

Evan Kristol
Marcus & Millichap
Evan Kristol
59 deals$415.5M volume
BROKER
Brandon Rex
Marcus & Millichap
Brandon Rex
25 deals$191.8M volume
BROKER
Austin M. Michels
Marcus & Millichap
Austin M. Michels
32 deals$142.1M volume(954) 245-3439
BROKER

Details

SOLD
IMAGE: Austin Michels, Evan Kristol & Brandon Rex DATE: 09/19/2023 ADDRESS: 749 Southeast 15th Street MARKET: Fort Lauderdale ASSET TYPE: Multifamily BROKERS: Evan Kristol (@Evan.Kristol), Brandon Rex & Austin Michels - Marcus & Millichap (@MarcusMillichap) SALE PRICE: $2,565,000 UNITS: 11 ~ PPU: $233,182 NOTE: Harbordale Residences in Fort Lauderdale, Florida, was sold for $2,565,000. The 11-unit boutique apartment building, located on 749 SE 15th St., features one and two-bedroom apartments and amenities including parking and an on-site laundry facility.

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

$136,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,112.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,159.41
Annual Debt Service$145,912.90