Raviv Capital Acquires Hotel In Fort Lauderdale For $10.5M
539 North Birch Road, Fort Lauderdale, Florida 33304, United States
$10,500,000
$487/SF
Building Size
21,543 SF
Asset Type
Hotel
Closing
May 26, 2022
AI
A hotel located at 539 North Birch Road in Fort Lauderdale has been sold for $10,500,000. The transaction took place on May 27, 2022. The hotel consists of 33 keys, with a price per key of $318,182.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $10,500,000
- Address: 539 North Birch Road, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of the hotel is Lior Raviv, representing Raviv Capital. The seller is Casey Karl Koslowski, who was represented by CKK Real Estate.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93