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

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SOLD
$11,300,000

Florida

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Condo7,396 SF
Sold 03/02/2022
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SOLD

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

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

See Similar Deals
Condo7,396 SF
Sold 03/02/2022
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,527
Total Square Footage:7,396 SF
Transaction Type:Sale

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

BUYER


4 deals$100.6M volume
SELLER

Vincent Viola
5 deals$103.4M volume
SELLER

Details

SOLD
IMAGE: Vincent Viola & Mahesh P. Desai DATE: 03/02/2022 ADDRESS: 2200 North Ocean Boulevard Units 2103 & 2104 MARKET: Fort Lauderdale ASSET TYPE: Condo BUYER: Nyota J. Desai; Mahesh P. Desai - Capital Vision SELLER: Teresa Viola; Vincent Viola - Florida Panthers LENDER: First Republic Bank SALE PRICE: $11,300,000 SF: 7,396 ~ PPSF: $1,528

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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