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505 Northeast 2nd Street

Roberto Carlos Purchases Condo In Fort Lauderdale From Miki Naftali For $5 Million
SOLDCondo

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

Douglas Elliman
Douglas EllimanBrokerage

Miki Naftali

Naftali Group

Seller

$3.9B

vol

31 deals

Seller

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