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720 Northwest 3rd Street

Tal Levinson & Eric Malinasky Acquire Development Site In Fort Lauderdale For $3.25M
SOLDDevelopment Site

Tal Levinson & Eric Malinasky Acquire Development Site In Fort Lauderdale For $3.25M

720 Northwest 3rd Street

$3,250,000

$104/SF

Building Size

31,125 SF

Asset Type

Development Site

Closing

Nov 14, 2023

AI

A development site located at 720 Northwest 3rd Street in Fort Lauderdale has been sold for $3,250,000. The property spans across 31,125 square feet, resulting in a price per square foot of $104.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,250,000
  • Address: 720 Northwest 3rd Street, Fort Lauderdale
  • Market: Fort Lauderdale
  • Buyer: Tal Levinson & Eric Malinasky
  • Seller: Robert Larsen
  • Square Footage: 31,125
  • Price per Square Foot: $104

The acquisition was made by Tal Levinson and Eric Malinasky, while the property was sold by Robert Larsen.

Players

Eric Malinasky

Buyer

$18.4M

vol

8 deals

Buyer

Fort Lauderdale 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

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93