David MacNeil Acquires Condo In Fort Lauderdale For $6.2M
525 North Fort Lauderdale Beach Boulevard, Fort Lauderdale, Florida 33304, United States
$6,200,000
$2,400/SF
Building Size
2,583 SF
Asset Type
—
Closing
Jun 2, 2022
AI
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.
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93