Updated Dec 20, 2023
Roman Valvilchenkov Acquires Multifamily Property On NW 1st Ave, Fort Lauderdale For $1.1M
819 Northeast 1st Avenue, Fort Lauderdale, Florida 33304, United States
$1,100,000
$379/SF
Building Size
2,900 SF
Asset Type
MultiFamily
Closing
Jul 3, 2022
About this deal
AI
A multifamily property located at 819 NW 1st Ave in Progresso Village, Fort Lauderdale, was recently sold for $1,100,000. The transaction took place on 07/04/2022. The property consists of two units with a total square footage of 2,900. The price per unit was $550,000, and the price per square foot was $379.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Date: 07/04/2022
- Address: 819 NW 1st Ave
- Market: Progresso Village, Fort Lauderdale
- Units: 2
- Price per Unit: $550,000
- Square Footage: 2,900
- Price per Square Foot: $379
The buyer of the property was Roman Valvilchenkov, and the seller was Anthony Brathwaite. The transaction was facilitated by Jordan Becker from Compass.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93