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
$2,500,000
$833,333/SF
Building Size
3 SF
Asset Type
Condo
Closing
May 31, 2022
About this deal
AI
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.
Players
Fort Lauderdale Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93