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917 Northeast 5th Avenue, H...

Shlomo Khodara Acquires Multifamily Property In Fort Lauderdale For $2.25M
SOLDMultiFamily

Shlomo Khodara Acquires Multifamily Property In Fort Lauderdale For $2.25M

917 Northeast 5th Avenue, Hialeah, FL 33010, USA

$2,250,000

$225/SF

Building Size

10,000 SF

Asset Type

MultiFamily

Closing

Sep 28, 2021

AI

A multifamily property located at 917 Northeast 17 Court, 3040 Northeast 21 Avenue, and 2503 Northwest 5th Avenue in Fort Lauderdale has been sold. The transaction took place on September 28, 2021. The property consists of 13 units with a total area of 10,000 square feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Buyer: Shlomo Khodara
  • Seller: Mark Gurmet
  • Broker: Inbal Ruiz - Media Realty
  • Price per unit: $173,077
  • Price per square foot: $225

The buyer of the property is Shlomo Khodara, while the seller is Mark Gurmet. Inbal Ruiz from Media Realty represented the buyer in this transaction.

Players

Inbal Ruiz

Broker

$56.1M

vol

5 deals

Broker

Hialeah 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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93