Updated Nov 21, 2025
Herman Lipkis Acquires Fort Lauderdale Multifamily From Eco Developers For $1.6M
2107 Southwest 18th Avenue
$1,600,000
$428/SF
Building Size
3,732 SF
Asset Type
MultiFamily
Closing
Nov 13, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily unit located at 2107 Southwest 18th Avenue in Fort Lauderdale. The sale was completed for a total amount of $1,600,000, encompassing 2 units with a price per unit of $800,000. The property spans a total square footage of 3,732, resulting in a price per square foot of $428.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 2107 Southwest 18th Avenue
- Market: Fort Lauderdale
- Units: 2
- Price per Unit: $800,000
- Square Footage: 3,732
- Price per Square Foot: $428
- Buyer: Herman Lipkis
- Seller: Eco Developers
- Broker Representatives: Bryan Perez Vinueza & Melissa Tejada - One Sotheby’s International Realty
This transaction involved key individuals such as the buyer, Herman Lipkis, and the seller, Eco Developers. The deal was facilitated by broker representatives Bryan Perez Vinueza and Melissa Tejada, who are affiliated with One Sotheby’s International Realty, playing a pivotal role in completing the sale.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93