Sam Schwartz & Susan Schwartz Acquire Vacant Residential Property In Fort Lauderdale For $3.1M
10622 SW 53rd St, Fort Lauderdale, Florida, USA
$3,148,000
$889/SF
Building Size
3,540 SF
Asset Type
—
Closing
Nov 17, 2021
AI
The vacant residential property located at 10622 SW 53rd St in Fort Lauderdale, FL was sold on November 18, 2021. The property has a total square footage of 3,540, resulting in a price per square foot of $889. The transaction took place between the buyers, Sam Schwartz and Susan Schwartz, and the seller, Royal Estates Of Cooper City LLC. The sale price for the property was $3,148,000.
Summary of transaction details:
- Property Type: Vacant Residential
- Transaction Amount: $3,148,000
- Square Footage: 3,540
- Price Per Square Foot: $889
- Buyer: Sam Schwartz; Susan Schwartz
- Seller: Royal Estates Of Cooper City LLC
- Market: Fort Lauderdale, FL
This transaction involved Sam Schwartz and Susan Schwartz as the buyers and Royal Estates Of Cooper City LLC as the seller. The property is located in Fort Lauderdale, FL. This successful sale reflects the ongoing activity and demand in the real estate market in the area.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93