Hernan Rey Acquires Multifamily Asset From Richard Lakin In Fort Lauderdale For $2.75M
SOLD
$2,750,000
Florida
See Similar DealsMultiFamily7,631 SF
Sold 08/27/2025
SOLD
Hernan Rey Acquires Multifamily Asset From Richard Lakin In Fort Lauderdale For $2.75M
821 North Victoria Park Road
See Similar DealsMultiFamily7,631 SF
Sold 08/27/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$360
Total Square Footage:7,631 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily unit located at 821 North Victoria Park Road in Fort Lauderdale. It consists of 12 units with a total square footage of 7,631, resulting in a price per unit of $229,167 and a price per square foot of $360. The sale price for this asset was $2,750,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Units: 12
- Square Footage: 7,631
- Price per Unit: $229,167
- Price per Square Foot: $360
- Buyer: Hernan Rey
- Seller: Richard Lakin
- Brokers: Erik Leon & Gabriel Pena - Matthews Real Estate Investment Services
The key individuals in this transaction include Hernan Rey as the buyer and Richard Lakin as the seller. The deal was facilitated by brokers Erik Leon and Gabriel Pena, who represented the transaction through Matthews Real Estate Investment Services.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
Is there something missing? Send suggestions