facebook
Traded Co logo
Submit

Tal Levinson & Eric Malinasky Acquire Fort Lauderdale Development Site From Nova Southeastern University For $1.85M

Property Image
SOLD
$1,850,000

Florida

See Similar Deals
Development Site27,000 SF
Sold 10/03/2023
the dealplayerscompscontact
Property Image
SOLD

Tal Levinson & Eric Malinasky Acquire Fort Lauderdale Development Site From Nova Southeastern University For $1.85M

702 Northwest 3rd Street

See Similar Deals
Development Site27,000 SF
Sold 10/03/2023
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$68
Total Square Footage:27,000 SF
Transaction Type:Sale

A development site located at 702 Northwest 3rd Street in Fort Lauderdale has been sold for $1,850,000. The property spans 27,000 square feet, resulting in a price per square foot of $69. The transaction involved the buyer, Tal Levinson and Eric Malinasky, and the seller, Nova Southeastern University.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,850,000
  • Address: 702 Northwest 3rd Street, Fort Lauderdale
  • Market: Fort Lauderdale

Brady Titcomb from JLL represented the buyer, Tal Levinson and Eric Malinasky, in this property transaction.

Players

Brady Titcomb
5 deals$22.5M volume(954) 653-3222
BROKER


8 deals$18.4M volume
BUYER

SELLER

Details

SOLD
IMAGE: Brady Titcomb, Eric Malinasky & Tal Levinson DATE: 10/03/2023 ADDRESS: 702 Northwest 3rd Street MARKET: Fort Lauderdale ASSET TYPE: Development Site BUYER: Tal Levinson (@T.Lev) & Eric Malinasky (@EMalinasky24) SELLER: Nova Southeastern University (@NSUForida) BROKERS: Brady Titcomb (@B_Tcomb) - JLL (@JLL) SALE PRICE: $1,850,000 SF: 27,000 ~ PPSF: $69

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$98,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33