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2200 North Ocean Boulevard,...

Nyota J. Desai Acquires 7,396 SF Condo In Fort Lauderdale For $11.3M
SOLDCondo

Nyota J. Desai Acquires 7,396 SF Condo In Fort Lauderdale For $11.3M

2200 North Ocean Boulevard, Fort Lauderdale, Florida 33305, United States

$11,300,000

$1,527/SF

Building Size

7,396 SF

Asset Type

Condo

Closing

Mar 2, 2022

AI

A condo located at 2200 North Ocean Boulevard Units 2103 & 2104 in Fort Lauderdale has been sold for a price of $11,300,000. The property spans across 7,396 square feet, resulting in a price per square foot of $1,528. The sale took place on March 2, 2022.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $11,300,000
  • Address: 2200 North Ocean Boulevard Units 2103 & 2104
  • Market: Fort Lauderdale
  • Square Footage: 7,396
  • Price Per Square Foot: $1,528

Nyota J. Desai and Mahesh P. Desai from Capital Vision purchased the condo from Teresa Viola and Vincent Viola, who are associated with the Florida Panthers. The transaction was facilitated by First Republic Bank as the lender.

Players

CV
Capital VisionBuyer

Teresa Viola

Florida Panthers

Seller

$100.6M

vol

4 deals

Seller

Fort Lauderdale Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.40%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93