Updated Dec 21, 2023
Salvatore F. Cannizzaro Acquires Multifamily Property In Fort Lauderdale, FL For $5.05M
87 Isle of Venice Drive, Fort Lauderdale, Florida 33301, United States
$5,047,000
$1,387/SF
Building Size
3,638 SF
Asset Type
MultiFamily
Closing
Aug 11, 2022
About this deal
AI
The multifamily property located at 87 Isle Of Venice Dr, Fort Lauderdale, FL has been sold for a price of $5,047,000. The property spans an area of 3,638 square feet, resulting in a price per square foot of $1,387.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,047,000
- Address: 87 Isle Of Venice Dr, Fort Lauderdale, FL
- Square Footage: 3,638
- Price per Square Foot: $1,387
The buyer of the property is Salvatore F. Cannizzaro, while the sellers are Charles Leroy Sobchak and Frank Kenneth Sobchak.
Please let me know if there is anything else I can help you with.Players
Fort Lauderdale MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93