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760 Nw 9th St

Avra Jain Purchases Land In Fort Lauderdale From Fuse Group Co. For $1.67M
SOLDLand

Avra Jain Purchases Land In Fort Lauderdale From Fuse Group Co. For $1.67M

760 Nw 9th St

$1,670,700

Building Size

Asset Type

Land

Closing

Nov 6, 2023

AI

The transaction involves a land asset located at 760 Nw 9th St, Fort Lauderdale, sold for $1,670,700.00. The sale was completed on 11/06/2023. This asset type is categorized as land.

Summary of transaction details:

Avra Jain acted as the buyer in this transaction, while Fuse Group Co. was the seller. The brokerage firm involved in facilitating the deal was DWNTWN Realty Advisors, represented by Tony Arellano.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

152 deals

Broker

Avra Jain

Buyer

$76.2M

vol

12 deals

Buyer
FC
Fuse Group Co.Seller

Fort Lauderdale Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.49%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93