Updated Dec 21, 2023
Nadir Khan & Wendy Khan Acquire Residential Land In Fort Lauderdale For $5.3M
2424 N Atlantic Blvd, Fort Lauderdale, FL, USA
$5,292,000
$1,657/SF
Building Size
3,192 SF
Asset Type
Development Site
Closing
Feb 25, 2021
About this deal
AI
A residential land located at 2424 N Atlantic Blvd in Fort Lauderdale has been sold for a price of $5,292,000. The property spans 3,192 square feet with a price per square foot of $1,658. The transaction took place on February 26, 2021.
Summary of transaction details
- Property Type: Residential Land
- Transaction Amount: $5,292,000
- Square Footage: 3,192
- Price per Square Foot: $1,658
- Date: February 26, 2021
- Address: 2424 N Atlantic Blvd, Fort Lauderdale
Nadir Khan and Wendy Khan purchased the property from Melvyn N Klein. The sale was facilitated by Melvyn N Klein's representative.
Players
Fort Lauderdale Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.00%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93