13th Court Apartments LLC Purchases Multifamily Property In Fort Lauderdale From 749/759 SCJJC LLC For $1.69M
759 Northeast 13th Court
$1,687,500
$243/SF
Building Size
6,919 SF
Asset Type
MultiFamily
Closing
Aug 25, 2025
AI
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
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
9.40%
Cash-on-Cash
-2.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93