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
$1,200,000
$494/SF
Building Size
2,425 SF
Asset Type
—
Closing
Oct 1, 2021
About this deal
AI
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
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93