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353 Sunset Drive, Fort Laud...

Colette Bellemare Acquires Condo At 353 Sunset Dr PH 01, Fort Lauderdale For $4.7M
SOLD

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

Asset Type

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

Rachael Barach

Re/Max

Broker

$19.7M

vol

3 deals

Broker

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