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1600 S Ocean Blvd, Lauderda...

Compass Florida Represents Record Sale Of Lauderdale By The Sea Waterfront Condo
SOLD

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

Jolanta Johnson

Compass

Broker

$3.7M

vol

1 deal

Broker

Pompano Beach 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

4.26%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93