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1105 Southeast 4th Street, ...

Updated Dec 20, 2023

Vitaly Klibtsov Acquires Special Purpose Property In Fort Lauderdale For $6.4M
SOLD

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

Jennifer Leong

Sotheby's International Realty

Broker

$9.6M

vol

3 deals

Broker

Fort Lauderdale CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $6.4M for 5,844 square feet (2022).

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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

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