David MacNeil Acquires Condo In Fort Lauderdale For $6.2M
SOLD
$6,200,000
Florida
See Similar Deals2,583 SF
Sold 06/03/2022
SOLD
David MacNeil Acquires Condo In Fort Lauderdale For $6.2M
525 North Fort Lauderdale Beach Boulevard, Fort Lauderdale, Florida 33304, United States
See Similar Deals2,583 SF
Sold 06/03/2022
Summary
FLORIDA
Price Per Square Foot:$2,400
Total Square Footage:2,583 SF
Transaction Type:Sale
David MacNeil has purchased a condominium unit located at 525 North Fort Lauderdale Beach Boulevard in Fort Lauderdale. The condo, with a total area of 2,583 square feet, was sold for $6,200,000 at a price per square foot of $2,400. The transaction took place on June 3, 2022. The seller in this deal was Charles B. Snyder.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,200,000
- Square Footage: 2,583 sqft
- Price per Square Foot: $2,400
- Address: 525 North Fort Lauderdale Beach Boulevard
- Market: Fort Lauderdale
David MacNeil acted as the buyer in this transaction. Charles B. Snyder served as the seller. No additional information regarding the deal participants or the transaction process was provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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