Yury Gnesin Acquires 4.7 Acre Development Site In Lauderhill For $7M
1901 State Road 7, Lauderhill, Florida 33313, United States
$7,000,000
Building Size
—
Asset Type
Development Site
Closing
Nov 17, 2022
AI
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.
Players
Lauderdale Lakes Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93