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
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.
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