Yosi Manor & Gary Cohen Acquire Vacant Commercial Property In Fort Lauderdale, FL For $3.08M
SOLD
$3,080,000
Florida
See Similar DealsCommercial
Sold 09/21/2022
SOLD
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
See Similar DealsCommercial
Sold 09/21/2022
Summary
FLORIDA
Asset Type:Commercial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$164,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,942.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,600.77
Annual Debt Service$175,209.26
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