Gavin Saitowitz & Cisco J. Del Valle Acquire Fort Lauderdale Multifamily For $6.4M
7651 N Pine Island Rd, Tamarac, FL, USA
$6,400,000
$230/SF
Building Size
27,742 SF
Asset Type
MultiFamily
Closing
Sep 1, 2021
AI
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.
Tamarac 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93