Updated Dec 21, 2023
Zainab Jafri Acquires Fort Lauderdale Multifamily For $3.9M
7750 Southwest 24th Street, Fort Lauderdale, FL, USA
$3,925,000
$249/SF
Building Size
15,763 SF
Asset Type
MultiFamily
Closing
Oct 27, 2021
About this deal
AI
The multifamily property located at 7740-7750 SW 24th St in Fort Lauderdale was recently sold for a total of $3,925,000. Spanning across 15,763 square feet, the property was sold at an average price per square foot of $249.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,925,000
- Address: 7740-7750 SW 24th St, Fort Lauderdale
- Square Footage: 15,763
- Price per Square Foot: $249
The buyer of the property was Zainab Jafri, while the sellers were Omar Mattar and Mauricio Di Chiara.
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
4.04%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93