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827 Southwest 15th Avenue

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

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:

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

Franklin Street

Broker

$267.8M

vol

48 deals

Broker

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