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353 Sunset Drive

Graham Berwind Acquires Fort Lauderdale Condo On Sunset Dr For $4.75M
SOLDCondo

Graham Berwind Acquires Fort Lauderdale Condo On Sunset Dr For $4.75M

353 Sunset Drive

$4,750,000

$1,437/SF

Building Size

3,305 SF

Asset Type

Condo

Closing

May 9, 2022

AI

A luxury penthouse condominium located at 353 Sunset Dr, Unit PH02 in Fort Lauderdale has been sold for a staggering sale price of $4,750,000. Spanning over 3,305 square feet, this exquisite property offers a truly remarkable living experience. With a price per square foot of $1,437, this condo showcases the epitome of sophistication and elegance.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $4,750,000
  • Market: Fort Lauderdale
  • Address: 353 Sunset Dr, Unit PH02

Graham Berwind has purchased this remarkable penthouse, while Janice Feirstein has acted as the seller in this notable transaction. The deal was facilitated by Rachael Barach, a reputable broker representing The Rachael Barach Group at RE/MAX. With their expertise, this successful purchase has been made possible.

Players

Rachael Barach

Re/Max

Broker

$19.7M

vol

3 deals

Broker

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

3.34%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93