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21 Isle of Venice Drive, Fo...

Nicholas DeJesu Acquires Condo In Fort Lauderdale For $1.85M
SOLD

Nicholas DeJesu Acquires Condo In Fort Lauderdale For $1.85M

21 Isle of Venice Drive, Fort Lauderdale, FL, USA

$1,850,000

$559/SF

Building Size

3,308 SF

Asset Type

Closing

Apr 29, 2021

AI

A condominium property located at 21 Isle of Venice in Fort Lauderdale has been sold. The transaction took place on April 30, 2021. The condo spans across 3,308 square feet and has a sale price of $1,850,000. The price per square foot comes out to be $559.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,850,000
  • Address: 21 Isle of Venice, Fort Lauderdale
  • Square Footage: 3,308

The buyer of the property is Nicholas DeJesu, while the seller is Patrick Hodnett. Representing the buyer in the deal is Lisandra Martinez from LisandraMansions, and representing the seller is Chad Carroll from ChadCarroll.

Players

Chad Carroll

Compass

Broker

$1.7B

vol

84 deals

Broker

Patrick Hodnett

Seller

$7M

vol

2 deals

Seller

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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93