Roberto Carlos Purchases Condo In Fort Lauderdale From Miki Naftali For $5 Million
505 Northeast 2nd Street
$5,000,000
$1,562/SF
Building Size
3,200 SF
Asset Type
Condo
Closing
Jun 4, 2026
AI
A condo located at 505 Northeast 2nd Street in Fort Lauderdale, FL, has been sold for $5,000,000. This property covers an area of 3,200 square feet, translating to a price per square foot of $1,563.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,000,000
- Buyer: Roberto Carlos
- Seller: Miki Naftali - Naftali Group
- Broker: Douglas Elliman
- Square Footage: 3,200
- Price Per Square Foot: $1,563
This transaction includes Roberto Carlos acquiring two condos at the Viceroy Residences Fort Lauderdale, which is part of a 45-story tower developed by the Naftali Group. The project, consisting of 251 units, is slated for first closings in 2030 and is exclusively marketed by Douglas Elliman. This purchase aligns with a trend of increased investment from sports and celebrity figures in the South Florida real estate market.
Players
Market 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93