Michael Brauser Purchases Office Asset From Kevin Phillips In Fort Lauderdale For $1.35M
2261 Northeast 36th Street
$1,350,000
$357/SF
Building Size
3,777 SF
Asset Type
Office
Closing
Dec 30, 2025
AI
The property asset involved in the transaction is an office located at 2261 Northeast 36th Street in Fort Lauderdale. The sale price for this asset was $1,350,000, encompassing 3,777 square feet, which equates to a price per square foot of $357.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,350,000
- Square Footage: 3,777
- Price Per Square Foot: $357
- Buyer: Michael Brauser
- Seller: Kevin Phillips
- Brokers: Alan Kaye & Tom Jones - Transworld Commercial Real Estate
- Date of Transaction: 12/31/2025
Michael Brauser acted as the buyer in this transaction, while Kevin Phillips was the seller. The brokers representing the deal were Alan Kaye and Tom Jones from Transworld Commercial Real Estate.
Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93