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
$3,000,000
$833/SF
Building Size
3,599 SF
Asset Type
—
Closing
Mar 22, 2022
About this deal
AI
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.
Players
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93