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
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