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

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SOLD
$4,400,000

Florida

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MultiFamily7,702 SF
Sold 02/06/2025
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SOLD

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

322 Hendricks Isle Drive

See Similar Deals
MultiFamily7,702 SF
Sold 02/06/2025
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$571
Total Square Footage:7,702 SF
Transaction Type:Sale

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
48 deals$267.8M volume
BROKER

Ryan Wold
Franklin Street
40 deals$210.5M volume(954) 312-1678
BROKER

Ethan Krauss
Marcus & Millichap
21 deals$69.6M volume(954) 245-3503
BROKER

Details

SOLD
IMAGE: Dan Dratch, Ethan Krauss & Ryan Wold DATE: 02/06/2025 ADDRESS: 320-322 Hendricks Isle MARKET: Fort Lauderdale ASSET TYPE: Multifamily SELLER: Edgar Casablanca BROKERS: Ethan Krauss (@EthanKrauss), Dan Dratch (@DanDratch) & Ryan Wold (@DJSunsett) - Franklin Street (@FranklinStreet.CRE) SALE PRICE: $4,400,000 UNITS: 6 ~ PPU: $733,333 SF: 7,702 ~ PPSF: $571

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$234,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94