Gavin Saitowitz & Cisco J. Del Valle Acquire Fort Lauderdale Multifamily For $6.4M
SOLD
$6,400,000
Florida
See Similar DealsMultiFamily27,742 SF
Sold 09/02/2021
SOLD
Gavin Saitowitz & Cisco J. Del Valle Acquire Fort Lauderdale Multifamily For $6.4M
7651 N Pine Island Rd, Tamarac, FL, USA
See Similar DealsMultiFamily27,742 SF
Sold 09/02/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$230
Total Square Footage:27,742 SF
Transaction Type:Sale
The multifamily property located at 7651 N Pine Island Rd in Fort Lauderdale has been sold for a total price of $6,400,000. The property has a total square footage of 27,742, which translates to a price per square foot of $231.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,400,000
- Address: 7651 N Pine Island Rd
- Market: Fort Lauderdale
- Buyer: Gavin Saitowitz & Cisco J. Del Valle
- Seller: Sofia Castro
- SF: 27,742
- PPSF: $231
Gavin Saitowitz and Cisco J. Del Valle were the buyers of this multifamily property, while Sofia Castro was the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$341,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18
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