Valerie & Marvin Hewatt Acquire Condo At 101 S Fort Lauderdale Beach Blvd For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsCondo3 SF
Sold 05/31/2022
SOLD
Valerie & Marvin Hewatt Acquire Condo At 101 S Fort Lauderdale Beach Blvd For $2.5M
101 S Fort Lauderdale Beach Blvd, Fort Lauderdale, Florida 33304, United States
See Similar DealsCondo3 SF
Sold 05/31/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$833,333
Total Square Footage:3 SF
Transaction Type:Sale
Located at 101 S Fort Lauderdale Beach Blvd, Unit 1403 in Fort Lauderdale, this condo has been sold in a recent transaction. The property offers 3,599 square feet of space and boasts a stunning view of the beach. The sale price for this condo was $2,500,000, resulting in a price per square foot of $695.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,500,000
- Address: 101 S Fort Lauderdale Beach Blvd, Unit 1403
- Market: Fort Lauderdale
Valerie & Marvin Hewatt were the buyers in this transaction, while Catherine Rizza was the seller. Representing the buyers, Vickie Arcuri from Coldwell Banker Realty played a key role in the deal. On the seller's side, Paul Merlesena from Galleria International Realty facilitated the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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