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322 Hendricks Isle Drive

Edgar Casablanca Sells Multifamily Asset At 320-322 Hendricks Isle Fort Lauderdale For $4.4M
SOLDMultiFamily

Edgar Casablanca Sells Multifamily Asset At 320-322 Hendricks Isle Fort Lauderdale For $4.4M

322 Hendricks Isle Drive

$4,400,000

$571/SF

Building Size

7,702 SF

Asset Type

MultiFamily

Closing

Feb 6, 2025

AI

A multifamily property located at 320-322 Hendricks Isle in Fort Lauderdale has been sold for $4,400,000. The asset encompasses 6 units with a total square footage of 7,702, leading to a price per unit of $733,333 and a price per square foot of $571.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $4,400,000
  • Units: 6
  • Square Footage: 7,702
  • Price Per Unit: $733,333
  • Price Per Square Foot: $571
  • Seller: Edgar Casablanca
  • Broker Representatives: Ethan Krauss, Dan Dratch & Ryan Wold - Franklin Street

The transaction involved key representatives from Franklin Street, specifically Ethan Krauss, Dan Dratch, and Ryan Wold, who facilitated the deal on behalf of the seller, Edgar Casablanca. Their roles were crucial in finalizing the successful sale of this multifamily asset.

Players

Dan Dratch

Franklin Street

Broker

$267.8M

vol

48 deals

Broker

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

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93