Yuda Gariplerden Acquires Fort Lauderdale Hotel For $4.3M
2908 Bayshore Dr, Fort Lauderdale, FL, USA
$4,300,000
$593/SF
Building Size
7,244 SF
Asset Type
Hotel
Closing
Aug 30, 2021
About this deal
AI
2908 Bayshore Dr in Fort Lauderdale has been sold for $4,300,000. This hotel property spans 7,244 square feet, resulting in a price per square foot of $594.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $4,300,000
- Address: 2908 Bayshore Dr, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of this property is Yuda Gariplerden, while the sellers are Andrew Christopher Grossman and Lisa K. Grossman.
The hotel sale at 2908 Bayshore Dr, Fort Lauderdale, FL, USA in Fort Lauderdale, Florida sold for $4.3M in 2021. The building is 7,244 square feet, implying about 593 per square foot on the published price. Named participants on the 2908 Bayshore Dr, Fort Lauderdale, FL, USA sale are Yuda Gariplerden. This page is the Fort Lauderdale, Florida file for the 2908 Bayshore Dr, Fort Lauderdale, FL, USA 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 2908 Bayshore Dr, Fort Lauderdale, FL, USA around 2021. Published consideration for 2908 Bayshore Dr, Fort Lauderdale, FL, USA is $4.3M, dated 2021. Cite this Yuda Gariplerden Acquires Fort Lauderdale Hotel For $4.3M 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93