SOLDOther
Richard Zahn Acquires Parking Asset In Fort Lauderdale For $2.04M
614 East 3rd Street, Hialeah, Florida 33010, United States
$2,039,315
Building Size
—
Asset Type
Other
Closing
Mar 31, 2022
About this deal
AI
The parking asset located at 614 E 3rd Ave in Fort Lauderdale, FL was recently sold in a closed transaction. The sale took place on April 1, 2022, and the property was purchased for a total price of $2,039,315.
Summary of transaction details:
- Property Type: Parking
- Transaction Amount: $2,039,315
- Address: 614 E 3rd Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer of the parking asset is Richard Zahn. On the other hand, the sellers are David H Severns, Judith B Severns, and David H Severns Jr.
Players
Hialeah Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.78%
Cash-on-Cash
-2.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93