Jane Black Acquires Condo At 551 N Fort Lauderdale Beach Blvd For $1.55M
SOLD
Florida
See Similar Deals1,374 SF
Sold 12/22/2021
SOLD
Jane Black Acquires Condo At 551 N Fort Lauderdale Beach Blvd For $1.55M
551 North Fort Lauderdale Beach Boulevard, Fort Lauderdale, Florida 33304, United States
See Similar Deals1,374 SF
Sold 12/22/2021
Summary
FLORIDA
Price Per Square Foot:$1,128
Total Square Footage:1,374 SF
Transaction Type:Sale
The property involved in the transaction is a Condo located at 551 N Fort Lauderdale Beach Blvd in Fort Lauderdale. The sale took place on 12/22/2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,550,000
- Address: 551 N Fort Lauderdale Beach Blvd, Fort Lauderdale
- Size: 1,374 square feet
- Price per square foot: $1,128
The buyer of the property is Jane Black and the seller is The Ocean Resort Residences.
The brokers involved in the deal are Vanessa Gomez, Daniel Nault, and Michael Gallo, representing Edgewater One Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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