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.
Fort Lauderdale 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
5.15%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93