Vitaly Klibtsov Acquires Special Purpose Property In Fort Lauderdale For $6.4M
1105 Southeast 4th Street, Fort Lauderdale, Florida 33301, United States
$6,400,000
$1,095/SF
Building Size
5,844 SF
Asset Type
—
Closing
Sep 21, 2022
About this deal
AI
The special purpose property located at 1105 SE 4th St in Fort Lauderdale was recently sold for a transaction amount of $6,400,000. The property measures approximately 5,844 square feet, with a price per square foot of $1,095. The sale took place on September 22, 2022. Jennifer Leong, Principal at The Opulent Group and Director of Developments at ONE Sotheby's International Realty, represented the buyer, Vitaly Klibtsov. The seller was Ian M. & Gillian L. Miller. Nicole Di Leo, Development Division Associate, also played a role in the transaction as part of the brokerage team.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $6,400,000
- Square Footage: 5,844
- Price per Square Foot: $1,095
- Address: 1105 SE 4th St, Fort Lauderdale
- Market: Fort Lauderdale
This deal was facilitated by Jennifer Leong, a Principal at The Opulent Group, and Nicole Di Leo, a Development Division Associate. Together, they worked on behalf of the buyer and seller, Vitaly Klibtsov and Ian M. & Gillian L. Miller, respectively.
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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93