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

Property Image
SOLD
$1,800,000

Florida

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MultiFamily5,119 SF
Sold 01/05/2026
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Property Image
SOLD

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

877 Northeast 18th Court

See Similar Deals
MultiFamily5,119 SF
Sold 01/05/2026
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$351
Total Square Footage:5,119 SF
Transaction Type:Sale

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
32 deals$142.1M volume(954) 245-3439
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Austin M. Michels DATE: 01/05/2026 ADDRESS: 877 Northeast 18th Court MARKET: Fort Lauderdale ASSET TYPE: Multifamily BUYER: Andrew Taubman SELLER: Brian Mayhew BROKER: Austin M. Michels - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $1,800,000 UNITS: 6 ~ PPU: $300,000 SF: 5,119 ~ PPSF: $351

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

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02