ONE Sotheby's International Acquires Condo In Fort Lauderdale For $3.5M
1 North Fort Lauderdale Beach Boulevard, Fort Lauderdale, Florida 33304, United States
$3,500,000
$1,533/SF
Building Size
2,283 SF
Asset Type
—
Closing
Jun 29, 2022
AI
Located at 1 N. Fort Lauderdale Beach Blvd., Fort Lauderdale, FL, this condo was recently sold in a closed transaction. The sale took place on 06/30/2022, with a sale price of $3,500,000. The condo has a total area of 2,283 square feet and a price per square foot of $1,533. The seller of the property was Rick Crum & Susan Crum. The buyer was represented by Giovanni Mancini from ONE Sotheby's International.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $3,500,000
- Address: 1 N. Fort Lauderdale Beach Blvd., Fort Lauderdale, FL
- Square Footage: 2,283
- Price Per Square Foot: $1,533
- Seller: Rick Crum & Susan Crum
- Buyer's Representative: Giovanni Mancini - ONE Sotheby's International
If you're a developer or a power player in the real estate industry, Giovanni Mancini has a message for you: "Please let me play ball with you. Sign me up at 305.902.0819."
Fort Lauderdale CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93