Updated Oct 15, 2026
Mark Posner & Chaya Sarah Hoffman Acquire Industrial Property In Fort Lauderdale For $8.55M
522 NE 33rd St, Fort Lauderdale, FL, USA
$8,550,000
$271/SF
Building Size
31,512 SF
Asset Type
Industrial
Closing
Aug 31, 2021
About this deal
AI
The industrial property located at 522 NE 33rd St in Fort Lauderdale has been sold. The property spans a total area of 31,512 square feet. The transaction took place on 09/01/2021, and the sale price for the property was $8,550,000. This amounts to a price per square foot of $271.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,550,000
Mark Posner & Chaya Sarah Hoffman purchased the property from Barry Burak. Mark Posner & Chaya Sarah Hoffman were represented by their own broker in the deal.
On the Map
$8,550,000
$271/SF
Industrial
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Players
Fort Lauderdale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.86%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93