Native Realty Brokers Sale Of Ft. Lauderdale Mixed-Use Property On NE 20th Ave. For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsMixed-use6,904 SF
Sold 09/14/2021
SOLD
Native Realty Brokers Sale Of Ft. Lauderdale Mixed-Use Property On NE 20th Ave. For $2.5M
928 NE 20th Ave, Ft Lauderdale, FL, USA
See Similar DealsMixed-use6,904 SF
Sold 09/14/2021
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$362
Total Square Footage:6,904 SF
Transaction Type:Sale
A mixed-use property located at 928 NE 20th Ave in Ft. Lauderdale has been sold for $2,500,000. The property spans 6,904 square feet, resulting in a price per square foot of $362. The transaction took place on September 14, 2021. Ofir Badash's image showcases the property.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Address: 928 NE 20th Ave.
- Market: Ft. Lauderdale
- Broker: Sara Dorfman - Native Realty
- Square Footage: 6,904
- Price per Square Foot: $362
Sara Dorfman from Native Realty played a crucial role as the broker in facilitating the sale of this mixed-use property. Their expertise in the market contributed to the successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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