Arthur Bartholomew Acquires Private School In Fort Lauderdale For $3.03M
642 Northwest 3rd Avenue, Fort Lauderdale, Florida 33311, United States
$3,030,000
$2,370/SF
Building Size
1,278 SF
Asset Type
Other
Closing
Feb 16, 2022
About this deal
AI
The private school located at 642 NW 3rd Ave in Fort Lauderdale, FL has been sold for $3,030,000. The property spans a total of 1,278 square feet, resulting in a price per square foot of $2,371.
Summary of transaction details
- Property Type: Private School
- Transaction Amount: $3,030,000
- Address: 642 NW 3rd Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Square Footage: 1,278
- Price per Square Foot: $2,371
The buyer of the private school is Arthur Bartholomew, while the sellers are Richard A Barrett and Veronica B Tallent.
Players
Fort Lauderdale Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.24%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93