John Hoffman Acquires Condo In Fort Lauderdale For $11.3M
501 Southeast 6th Avenue
$11,300,000
Building Size
—
Asset Type
Condo
Closing
Jul 7, 2021
About this deal
AI
The property involved in this transaction is a condo located at 501 SE 6th Ave, Fort Lauderdale. The sale took place on July 7, 2021, with a sale price of $11,300,000. The buyer of the condo was John Hoffman, while the seller was Maple Multi Family Land Se LP.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $11,300,000
- Address: 501 SE 6th Ave, Fort Lauderdale
In this deal, John Hoffman acted as the buyer's representative, and Maple Multi Family Land Se LP was represented by their own broker.
Players
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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93