Updated Oct 28, 2024
Lauderhill City Acquires Vacant Commercial In Fort Lauderdale For $3.3M
1010 Northwest 40th Avenue, Miami, Florida 33126, United States
$3,348,500
$2,733/SF
Building Size
1,225 SF
Asset Type
Commercial
Closing
Mar 22, 2022
About this deal
AI
Located at 1010 NW 40th Ave in Fort Lauderdale, FL, this vacant commercial property was recently sold in a closed transaction. The sale took place on March 23, 2022, and the property was purchased by Lauderhill City. The seller was Yoram Izhak & Sender Shub. The transaction price for this property was $3,348,500.
Summary of transaction details
- Property Type: Vacant Commercial
- Transaction Amount: $3,348,500
- Market: Fort Lauderdale, FL
- Buyer: Lauderhill City
- Seller: Yoram Izhak & Sender Shub
This transaction involved the sale of a vacant commercial property in Fort Lauderdale. Lauderhill City acquired the property from sellers Yoram Izhak & Sender Shub for a total price of $3,348,500. The property is located at 1010 NW 40th Ave. This deal represents a significant investment in the area's commercial real estate market.
Players
Miami Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93