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418 NE2 AVE LLC Acquires 0.29 Acre Land In Fort Lauderdale From The Byrd Family For $1.2M

Property Image
SOLD
$1,200,000
Joey Biafore
R. Stephen (Steve) Hyatt

Florida

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2,425 SF
Sold 10/01/2021
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Property Image
SOLD

418 NE2 AVE LLC Acquires 0.29 Acre Land In Fort Lauderdale From The Byrd Family For $1.2M

418 Northeast 2nd Avenue, Fort Lauderdale, FL, USA

See Similar Deals
2,425 SF
Sold 10/01/2021
Joey Biafore
R. Stephen (Steve) Hyatt
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Price Per Square Foot:$494
Total Square Footage:2,425 SF
Transaction Type:Sale

The property located at 418 NE 2nd Avenue in Fort Lauderdale has been sold. The asset is a land with a size of approximately 0.29 acres. The sale took place on October 1, 2021.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $1,200,000
  • Address: 418 NE 2nd Avenue, Fort Lauderdale
  • Market: Fort Lauderdale
  • Buyer: 418 NE2 AVE LLC
  • Seller: The Byrd Family

Joey Biafore from Exclusive Premier Realty represented the buyer, 418 NE2 AVE LLC, in the transaction. Stephen Hyatt from Berger Commercial Realty/Corfac International represented the seller, The Byrd Family.

Players

R. Stephen (Steve) Hyatt
Berger Commercial Realty
R. Stephen Hyatt
19 deals$111.9M volume(954) 494-3091
BROKER
Joey Biafore
Joey Biafore
1 deal$1.2M volume
BROKER
Berger Realty
Berger Realty
BROKERAGE

Details

SOLD
IMAGE: Joey Biafore & Stephen Hyatt DATE: 10/01/2021 ADDRESS: 418 NE 2nd Avenue MARKET: Fort Lauderdale ASSET TYPE: Land ~ ACRES: 0.29 BUYER: 418 NE2 AVE LLC SELLER: The Byrd Family BUYER'S REP: Joey Biafore - Exclusive Premier Realty SELLER'S REP: Stephen Hyatt - Berger Commercial Realty/Corfac International SALE PRICE: $1,200,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35