facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Commercial

/

Sale

/

505 Northeast 2nd Street, F...

Yosi Manor & Gary Cohen Acquire Vacant Commercial Property In Fort Lauderdale, FL For $3.08M
SOLDCommercial

Yosi Manor & Gary Cohen Acquire Vacant Commercial Property In Fort Lauderdale, FL For $3.08M

505 Northeast 2nd Street, Fort Lauderdale, Florida 33301, United States

$3,080,000

Building Size

Asset Type

Commercial

Closing

Sep 20, 2022

AI

The vacant commercial property located at 505 NE 2nd St in Fort Lauderdale, FL has been sold in a recent transaction. The sale took place on September 21, 2022, with Yosi Manor and Gary Cohen serving as the buyers and James Ellis as the seller. The purchase price for the property was $3,080,000.

Summary of transation details

  • Property Type: Vacant Commercial
  • Transaction Amount: $3,080,000
  • Address: 505 NE 2nd St, Fort Lauderdale, FL
  • Buyer: Yosi Manor & Gary Cohen
  • Seller: James Ellis

The buyers, Yosi Manor and Gary Cohen, successfully completed the transaction to acquire the vacant commercial property located at 505 NE 2nd St in Fort Lauderdale, FL. They purchased the property from the seller, James Ellis, for a total price of $3,080,000.

Players

James Ellis

Ellis Partners

Broker

$96.3M

vol

5 deals

Broker
James Ellis

James Ellis

Seller

$96.3M

vol

5 deals

Seller

Fort Lauderdale Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.15%

Cash-on-Cash

-1.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93