Katalyst Real Estate & Development Facilitates $3.8M Sale Of Fort Lauderdale Development Site
730 NE 4th Ave Fort Lauderdale, FL 33301, USA
$3,800,000
$175/SF
Building Size
21,601 SF
Asset Type
Development Site
Closing
Jun 8, 2023
AI
The development site at 730-738 Northeast 4th Avenue in Fort Lauderdale has been sold for a price of $3,800,000. The property spans 21,601 square feet, resulting in a price per square foot of $176. The sale took place on June 8, 2023, with Saul Levy serving as the seller.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,800,000
- Square Footage: 21,601
- Price per Square Foot: $176
- Address: 730-738 Northeast 4th Avenue, Fort Lauderdale
- Seller: Saul Levy
Representing the seller in this deal were Don Ginsburg and Michael Lewin from Katalyst Real Estate & Development. They played a crucial role in facilitating the transaction and ensuring a successful outcome for the seller.
Players
Miami 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93