Updated Dec 4, 2024
Tal Levinson & Eric Malinasky Acquire Fort Lauderdale Development Site From Nova Southeastern University For $1.85M
702 Northwest 3rd Street
$1,850,000
$68/SF
Building Size
27,000 SF
Asset Type
Development Site
Closing
Oct 3, 2023
About this deal
AI
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.
On the Map
$1,850,000
$68/SF
Development Site
View full map
Players
Fort Lauderdale Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Brady Titcomb to view all their deals.
Browse Fort Lauderdale development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93