Yosef Martin Acquires Multifamily Property In Fort Lauderdale For $1.59M
SOLD
$1,590,000
National
See Similar DealsMultiFamily12,000 SF
Sold 10/14/2022
SOLD
Yosef Martin Acquires Multifamily Property In Fort Lauderdale For $1.59M
508 SW 4th St, Miami, FL 33130, USA
See Similar DealsMultiFamily12,000 SF
Sold 10/14/2022
Summary
Asset Type:MultiFamily
Price Per Square Foot:$132
Total Square Footage:12,000 SF
Transaction Type:Sale
Located at 508 SW 4th St in Fort Lauderdale, Miami, this multifamily property was recently sold for a total of $1,590,000. With a total square footage of 12,000, the sale price per square foot comes out to be $133. The transaction took place on October 14, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,590,000
The buyer in this transaction was Yosef Martin, while Max Gurdus acted as the seller. The deal was facilitated by Mary Yasol from Coldwell Banker, who represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,648.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,537.41
Annual Debt Service$90,448.93
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