Updated May 21, 2025
Alexander Pinto-Norbrega Purchases Multifamily Asset From David Runnebaum For $1.65M In Fort Lauderdale
827 Southwest 15th Avenue
$1,650,000
$367/SF
Building Size
4,491 SF
Asset Type
MultiFamily
Closing
May 14, 2025
About this deal
AI
The property involved in this transaction is a multifamily asset located at 827 Southwest 15th Avenue in Fort Lauderdale. The sale was completed for a total amount of $1,650,000, which translates to a price per unit of $206,250 across its 8 units. The total square footage of the property is 4,491, resulting in a price per square foot of $367.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Units: 8
- Price Per Unit: $206,250
- Square Footage: 4,491
- Price Per Square Foot: $367
- Buyer: Alexander Pinto-Norbrega
- Seller: David Runnebaum
- Broker Representatives: Ryan Wold, Ethan Krauss & Dan Dratch - Franklin Street
The transaction features Alexander Pinto-Norbrega as the buyer and David Runnebaum as the seller. The brokerage team representing this deal includes Ryan Wold, Ethan Krauss, and Dan Dratch from Franklin Street.
On the Map
$1,650,000
$367/SF
MultiFamily
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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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93