Updated Oct 28, 2024
Alan Chocron Acquires Development Site In Lauderdale By The Sea For $2.5M
287 Codrington Drive, Lauderdale-by-the-Sea, FL 33308, USA
$2,525,000
$138/SF
Building Size
18,302 SF
Asset Type
Development Site
Closing
Jun 4, 2020
About this deal
AI
A development site located at 287 Codrington Dr in Lauderdale By The Sea has been sold. The transaction took place on 06/04/2021, with a sale price of $2,525,000. The property has a building square footage (BSF) of 18,302, resulting in a price per square foot (PPSF) of $138.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,525,000
- Address: 287 Codrington Dr
- Market: Lauderdale By The Sea
The seller of the property was 2900 NE Development. On the buyer's side, Alan Chocron represented the transaction. He can be reached at @Alan_Chocron. Alejandra Castillo, from TheRealaleCastillo, acted as the seller's representative.
Players
Lauderdale By The Sea 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
6.28%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93