Simon Dushinsky Acquires Fort Lauderdale Office Building For $22.9M
633 Southeast 3rd Avenue, Fort Lauderdale, Florida 33301, United States
$22,946,670
$741/SF
Building Size
30,949 SF
Asset Type
Office
Closing
Jun 30, 2022
About this deal
AI
The property asset involved in this transaction is an office building located at 633 E 3rd Ave, Fort Lauderdale, FL. The sale was completed on 07/01/2022 for a total transaction amount of $22,946,670. The building comprises a total area of 30,949 square feet, equating to a price per square foot of $741.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $22,946,670
- Buyer: Simon Dushinsky
- Seller: Quinn F Goodchild
- Square Footage: 30,949
- Price Per Square Foot: $741
- Market: Fort Lauderdale, FL
- Sale Date: 07/01/2022
This transaction involved Simon Dushinsky as the buyer and Quinn F Goodchild acting as the seller. The deal marks a significant exchange between the two parties in the real estate market within Fort Lauderdale.
Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93