Joe Levy And Jonathan Levy Acquire Multifamily Asset At 300 Sunset Drive For $5.77M
300 Sunset Drive
$5,770,000
$372/SF
Building Size
15,487 SF
Asset Type
MultiFamily
Closing
Jul 12, 2024
AI
The property involved in this transaction is a multifamily asset located at 300 Sunset Drive in Fort Lauderdale. The sale price was $5,770,000, and the asset consists of 16 units spread across a total of 15,487 square feet, resulting in a price per unit of $360,625 and a price per square foot of $373.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,770,000
- Units: 16
- Square Footage: 15,487
- Price Per Unit: $360,625
- Price Per Square Foot: $373
- Buyer: Joe Levy & Jonathan Levy
- Seller: Audy Unison
- Broker Representatives: Fredrick Klein & Jonathan Singer - Riviera Horizons
The deal was facilitated by brokers Fredrick Klein and Jonathan Singer from Riviera Horizons, a company that specializes in the procurement of on and off-market development opportunities in South Florida, with an emphasis on covered land. Interested parties can contact them for opportunities or insights into the South Florida market at the provided phone numbers.
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
2.75%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93