Colette Bellemare Acquires Condo At 353 Sunset Dr PH 01, Fort Lauderdale For $4.7M
353 Sunset Drive, Fort Lauderdale, Florida 33301, United States
$3,200,000
Building Size
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Asset Type
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Closing
Mar 15, 2022
AI
A luxury condo located at 353 Sunset Dr PH 01 in Fort Lauderdale has been sold in a recent transaction. The stunning property spans 3,910 square feet and offers breathtaking views. The sale, which took place on March 15, 2022, saw the property change hands for a total of $4,700,000, resulting in a price per square foot of $1,202. The condo is a prime asset in the Fort Lauderdale market, known for its desirable location and luxurious amenities.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,700,000
- Address: 353 Sunset Dr PH 01
- Market: Fort Lauderdale
The buyer in this transaction is Colette Bellemare, who recognized the value and potential of this prestigious property. Denise Moore, the seller, entrusted the sale to Rachael Barach, a representative from RE/MAX Preferred. Rachael Barach played a vital role in the successful completion of the deal, ensuring a smooth transaction for both parties involved.
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93