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
$1,550,000
$1,128/SF
Building Size
1,374 SF
Asset Type
—
Closing
Dec 21, 2021
About this deal
AI
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.
On the Map
$1,550,000
$1,128/SF
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Players
Fort Lauderdale CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $1.6M for 1,374 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93