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
About this deal
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.
On the Map
$11,300,000
$1,527/SF
Condo
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Players
Fort Lauderdale Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $11.3M for 7,396 square feet (2022).
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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