Valerie & Marvin Hewatt Acquire Fort Lauderdale Condo For $2.5M With Buyer's Rep Vickie Arcuri, Seller's Rep Paul Merlesena
SOLD
$3,000,000
Florida
See Similar Deals3,599 SF
Sold 03/23/2022
SOLD
Valerie & Marvin Hewatt Acquire Fort Lauderdale Condo For $2.5M With Buyer's Rep Vickie Arcuri, Seller's Rep Paul Merlesena
101 S Fort Lauderdale Beach Blvd, Fort Lauderdale, Florida 33304, United States
See Similar Deals3,599 SF
Sold 03/23/2022
Summary
FLORIDA
Price Per Square Foot:$833
Total Square Footage:3,599 SF
Transaction Type:Sale
Located at 101 S Fort Lauderdale Beach Blvd, Unit 1403 in Fort Lauderdale, this 3,599 square foot condo was recently sold.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,500,000
- Date: 05/31/2022
- Market: Fort Lauderdale
The property was sold by Catherine Rizza to Valerie & Marvin Hewatt. The buyer's representative in this deal was Vickie Arcuri from Coldwell Banker Realty, while the seller was represented by Paul Merlesena from Galleria International Realty.
The sale price of the condo was $2,500,000, with a price per square foot of $695.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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