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877 Northeast 18th Court

Andrew Taubman Acquires Multifamily Property At 877 Northeast 18th Court From Brian Mayhew For $1.8M
SOLDMultiFamily

Andrew Taubman Acquires Multifamily Property At 877 Northeast 18th Court From Brian Mayhew For $1.8M

877 Northeast 18th Court

$1,800,000

$351/SF

Building Size

5,119 SF

Asset Type

MultiFamily

Closing

Jan 4, 2026

AI

The property asset involved in this transaction is a multifamily unit located at 877 Northeast 18th Court in Fort Lauderdale. It was sold for a transaction amount of $1,800,000, comprising a total of 6 units. The building has a total square footage of 5,119, resulting in a price per unit of $300,000 and a price per square foot of $351.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,800,000
  • Address: 877 Northeast 18th Court
  • Market: Fort Lauderdale
  • Units: 6
  • Square Footage: 5,119
  • Price Per Unit: $300,000
  • Price Per Square Foot: $351
  • Buyer: Andrew Taubman
  • Seller: Brian Mayhew
  • Broker: Austin M. Michels - Marcus & Millichap

This transaction involved Andrew Taubman as the buyer and Brian Mayhew as the seller. The deal was facilitated by broker Austin M. Michels from Marcus & Millichap, highlighting the client's involvement in each stage of the property transaction.

Players

Austin M. Michels
Verified Badge

Austin M. Michels

Marcus & Millichap

Broker

$142.1M

vol

32 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93