Updated Dec 21, 2023
Jeffrey B Smith Acquires Multifamily In Lauderdale, FL For $2.4M
805 Northeast 18th Avenue, Fort Lauderdale, Florida 33304, United States
$2,400,000
$409/SF
Building Size
5,860 SF
Asset Type
MultiFamily
Closing
Sep 29, 2022
About this deal
AI
The multifamily property located at 805 Ne 18th Ave in Lauderdale, FL has been sold for $2,400,000. The property spans 5,860 square feet, resulting in a price per square foot of $409.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Address: 805 Ne 18th Ave, Lauderdale, FL
- Square Footage: 5,860
- Price Per Square Foot: $409
The buyer of the property is Jeffrey B Smith, while the sellers are Ezra Jay Click and Denis R O'Sullivan.
The multifamily sale at 805 Northeast 18th Avenue, Fort Lauderdale, Florida 33304, United States in Fort Lauderdale, Florida sold for $2.4M in 2022. The building is 5,860 square feet, implying about 409 per square foot on the published price. This page is the Fort Lauderdale, Florida file for the 805 Northeast 18th Avenue, Fort Lauderdale, Florida 33304, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale multifamily set by closing date to see what else sold near 805 Northeast 18th Avenue, Fort Lauderdale, Florida 33304, United States around 2022. Published consideration for 805 Northeast 18th Avenue, Fort Lauderdale, Florida 33304, United States is $2.4M, dated 2022. Cite this Jeffrey B Smith Acquires Multifamily In Lauderdale, FL For $2.4M sale when underwriting similar multifamily product around Fort Lauderdale, Florida.
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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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93