Steve Schumacher Acquires Fort Lauderdale Condo On North Ocean Blvd For $2.1M
3200 North Ocean Boulevard
$2,100,000
$900/SF
Building Size
2,332 SF
Asset Type
Co-Op
Closing
Jan 13, 2023
About this deal
AI
This condo property located at 3200 North Ocean Boulevard in Fort Lauderdale was recently sold in a closed transaction. The property spans an area of 2,332 square feet and boasts a sale price of $2,100,000. With a price per square foot of $901, it is clear that this property offers value for money.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,100,000
- Address: 3200 North Ocean Boulevard, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of this condo property is Steve Schumacher, while Jeri Holden is the seller. Representing the buyer, John Munroe from Munroe Coastal Properties facilitated the deal, and Vickie Arcuri from Coldwell Banker represented the seller. The property was initially listed at an asking price of $2,195,000, and the final sale price of $2,100,000 was agreed upon.
Players
Fort Lauderdale Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $900 per square foot on a published $2.1M for 2,332 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93