Oren Hilel Acquires Fort Lauderdale Hotel For $4.05M
2724 Northeast 14th Street, Fort Lauderdale, Florida 33304, United States
$4,050,000
$905/SF
Building Size
4,472 SF
Asset Type
Hotel
Closing
May 1, 2022
About this deal
AI
A hotel/motel/hostel/B&B located at 2724 NE 14th St in Fort Lauderdale, FL was recently sold. The property spans 4,472 square feet and was sold for a price of $4,050,000, resulting in a price per square foot of $906.
Summary of transaction details:
- Property Type: Hotel/Motel/Hostel/B&B
- Transaction Amount: $4,050,000
- Size: 4,472 square feet
- Price per Square Foot: $906
- Address: 2724 NE 14th St, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
Oren Hilel purchased the property from Alessandro Alberici.
The hotel sale at 2724 Northeast 14th Street, Fort Lauderdale, Florida 33304, United States in Fort Lauderdale, Florida sold for $4.1M in 2022. The building is 4,472 square feet, implying about 905 per square foot on the published price. Named participants on the 2724 Northeast 14th Street, Fort Lauderdale, Florida 33304, United States sale are Oren Hilel. This page is the Fort Lauderdale, Florida file for the 2724 Northeast 14th Street, Fort Lauderdale, Florida 33304, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale hotel set by closing date to see what else sold near 2724 Northeast 14th Street, Fort Lauderdale, Florida 33304, United States around 2022. Published consideration for 2724 Northeast 14th Street, Fort Lauderdale, Florida 33304, United States is $4.1M, dated 2022. Cite this Oren Hilel Acquires Fort Lauderdale Hotel For $4.05M sale when underwriting similar hotel product around Fort Lauderdale, Florida.
Players
Fort Lauderdale Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93