Graham Berwind Acquires Fort Lauderdale Condo On Sunset Dr For $4.75M
SOLD
$4,750,000
Florida
See Similar DealsCondo3,305 SF
Sold 05/09/2022
SOLD
Graham Berwind Acquires Fort Lauderdale Condo On Sunset Dr For $4.75M
353 Sunset Drive
See Similar DealsCondo3,305 SF
Sold 05/09/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,437
Total Square Footage:3,305 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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