Harbordale Residences In Fort Lauderdale Sold For $2.6M With Marcus & Millichap's Evan Kristol, Brandon Rex & Austin Michels
749 Southeast 15th Street
$2,565,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 19, 2023
AI
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
- Property Type: Multifamily
- Transaction Amount: $2,565,000
- Number of Units: 11
- Price per Unit: $233,182
- Brokers: Evan Kristol, Brandon Rex, and Austin Michels - Marcus & Millichap
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
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
6.18%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93