Wanli Xiong Acquires Mixed-Use Property On Fort Lauderdale Beach For $3.998M
3100 Northeast 9th Street
$3,998,000
$486/SF
Building Size
8,218 SF
Asset Type
Mixed-use
Closing
Jul 29, 2022
About this deal
AI
The mixed-use property located at 3100-3104 NE 9th St in Fort Lauderdale Beach has been sold in a recent transaction. The property spans 8,218 square feet and was sold for a total price of $3,998,000, resulting in a price per square foot of $486.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,998,000
- Address: 3100-3104 NE 9th St, Fort Lauderdale Beach
- Square Footage: 8,218
The buyer of the property is Wanli Xiong, while Scott Pirofsky and Joseph Kaplan acted as the sellers. The transaction was facilitated by brokers Quinn Sousa and Ryan Shaw of Marcus & Millichap. Wanli Xiong was represented by Quinn Sousa and Ryan Shaw in the deal.
On the Map
$3,998,000
$486/SF
Mixed-use
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Players
Fort Lauderdale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93