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Alexander Pinto-Norbrega Purchases Multifamily Asset From David Runnebaum For $1.65M In Fort Lauderdale

Property Image
SOLD
$1,650,000

Florida

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MultiFamily4,491 SF
Sold 05/15/2025
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Property Image
SOLD

Alexander Pinto-Norbrega Purchases Multifamily Asset From David Runnebaum For $1.65M In Fort Lauderdale

827 Southwest 15th Avenue

See Similar Deals
MultiFamily4,491 SF
Sold 05/15/2025
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$367
Total Square Footage:4,491 SF
Transaction Type:Sale

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:

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

Dan Dratch
48 deals$267.8M volume
BROKER

Ryan Wold
Franklin Street
40 deals$210.5M volume(954) 312-1678
BROKER

Ethan Krauss
Marcus & Millichap
21 deals$69.6M volume(954) 245-3503
BROKER

Details

SOLD
IMAGE: Dan Dratch, Ryan Wold & Ethan Krauss DATE: 5/15/2025 ADDRESS: 827 Southwest 15th Avenue MARKET: Fort Lauderdale ASSET TYPE: Multifamily BUYER: Alexander Pinto-Norbrega SELLER: David Runnebaum BROKERS: Ryan Wold (@DJSunsett) , Ethan Krauss (@EthanKrauss) & Dan Dratch (@Big_Smoothie_) - Franklin Street (@FranklinStreet.CRE) SALE PRICE: $1,650,000 UNITS: 8 ~ PPU: $206,250 SF: 4,491 ~ PPSF: $367

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10