Compass Florida Represents Record Sale Of Lauderdale By The Sea Waterfront Condo
1600 S Ocean Blvd, Lauderdale by the Sea, FL, USA
$3,725,000
$728/SF
Building Size
5,117 SF
Asset Type
—
Closing
Oct 22, 2021
AI
A waterfront condo located at 1600 S Ocean Blvd 501 in Lauderdale by the Sea has been sold for a record price of $3,725,000. The condo spans a total area of 5,117 square feet, resulting in a price per square foot of $728. This transaction marks a significant milestone as the highest sale price achieved for a waterfront condo in Lauderdale by the Sea.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,725,000
- Address: 1600 S Ocean Blvd 501
- Market: Lauderdale by the Sea
Jolanta Johnson from Compass Florida represented the buyer in this sale. Megan Probst, also from Compass Florida, acted as the seller's representative. The involvement of these real estate professionals demonstrates their expertise and commitment to facilitating successful transactions.
Players
Pompano Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93