Yury Gnesin Acquires 4.7 Acre Development Site In Lauderhill For $7M
SOLD
$7,000,000
Florida
See Similar DealsDevelopment Site
Sold 11/17/2022
SOLD
Yury Gnesin Acquires 4.7 Acre Development Site In Lauderhill For $7M
1901 State Road 7, Lauderhill, Florida 33313, United States
See Similar DealsDevelopment Site
Sold 11/17/2022
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
Located in Lauderhill, the development site at 1901-2051 N. State Road 7 has been sold in a recent transaction. Spanning over 4.7 acres, this property offers great potential for future development. The sale took place on November 17, 2022, with a sale price of $7,000,000.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $7,000,000
- Address: 1901-2051 N. State Road 7, Lauderhill
- Market: Lauderhill
- Size: 4.7 acres
The buyer in this transaction is Yury Gnesin, while the seller is 2001 Property Ventures, LLC. The deal was facilitated by Matthew Jacocks from Lee & Associates, who represented the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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