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.
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