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13th Court Apartments LLC Purchases Multifamily Property In Fort Lauderdale From 749/759 SCJJC LLC For $1.69M

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SOLD
$1,687,500

Florida

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MultiFamily6,919 SF
Sold 08/25/2025
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Property Image
SOLD

13th Court Apartments LLC Purchases Multifamily Property In Fort Lauderdale From 749/759 SCJJC LLC For $1.69M

759 Northeast 13th Court

See Similar Deals
MultiFamily6,919 SF
Sold 08/25/2025
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$243
Total Square Footage:6,919 SF
Transaction Type:Sale

A multifamily property located at 759 Northeast 13th Court in Fort Lauderdale has been sold for $1,687,500. The asset spans 6,919 square feet and consists of 9 units, resulting in a price per unit of $187,500 and a price per square foot of $244. The property encompasses a total of 0.37 acres.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,687,500
  • Units: 9
  • Total Square Footage: 6,919
  • Price Per Unit: $187,500
  • Price Per Square Foot: $244
  • Buyer: 13th Court Apartments LLC
  • Seller: 749/759 SCJJC LLC
  • Broker: Jaime Sturgis - Native Realty
  • Financing: $965K from Brightstar Credit Union

This transaction involved 13th Court Apartments LLC, which is associated with Steven Bader. The seller, 749/759 SCJJC LLC, is linked to Caldwell C. Cooper. Jaime Sturgis of Native Realty facilitated the sale on behalf of the seller.

Players

Jaime Sturgis
47 deals$234.1M volume
BROKER

Native Realty
BROKERAGE

Details

SOLD
IMAGE: Jaime Sturgis DATE: 08/25/2025 ADDRESS: 759 Northeast 13th Court MARKET: Fort Lauderdale ASSET TYPE: Multifamily ~ ACRES: 0.37 BUYER: 13th Court Apartments LLC SELLER: 749/759 SCJJC LLC BROKER: Jaime Sturgis (@JaimeSturgis) - Native Realty (@NativeRealty) SALE PRICE: $1,687,500 UNITS: 9 ~ PPU: $187,500 SF: 6,919 ~ PPSF: $244 NOTE: 13th Court Apartments LLC, tied to Steven Bader, bought a 9-unit, 6,919 SF multifamily property at 759 NE 13th Ct. in Fort Lauderdale for $1.69M, financed with $965K from Brightstar Credit Union. Jaime Sturgis of Native Realty represented the seller, 749/759 SCJJC LLC, tied to Caldwell C. Cooper. /759SCJJCLLC

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

$90,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,995.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,999.61
Annual Debt Service$95,995.33