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
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