Brady Thrasher Acquires Condo On 3100 N Ocean Blvd, Fort Lauderdale For $2.38M
3100 N Ocean Blvd, Fort Lauderdale, FL, USA
$2,380,000
$1,026/SF
Building Size
2,318 SF
Asset Type
—
Closing
Apr 15, 2021
AI
The property involved in this closed transaction is a condo located at 3100 N Ocean Blvd, Fort Lauderdale. The condo has a total area of 2,318 square feet. The transaction took place on April 16, 2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,380,000
The buyer's representative in this deal was Brady Thrasher from Preferred Partners. The asking price for the condo was $2,500,000, and it was sold for $2,380,000. The price per square foot came out to be $1,027.
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
6.67%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93