Brady Thrasher Acquires Condo On 3100 N Ocean Blvd, Fort Lauderdale For $2.38M
SOLD
$2,380,000
Florida
See Similar Deals2,318 SF
Sold 04/16/2021
SOLD
Brady Thrasher Acquires Condo On 3100 N Ocean Blvd, Fort Lauderdale For $2.38M
3100 N Ocean Blvd, Fort Lauderdale, FL, USA
See Similar Deals2,318 SF
Sold 04/16/2021
Summary
FLORIDA
Price Per Square Foot:$1,026
Total Square Footage:2,318 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$126,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,455.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,282.41
Annual Debt Service$135,388.97
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