Fred Chikovsky Acquires Retail Property In Fort Lauderdale For $4.6M
10241 W Broward Blvd, Fort Lauderdale, FL, USA
$4,617,500
$411/SF
Building Size
11,236 SF
Asset Type
Retail
Closing
Aug 29, 2021
About this deal
AI
The retail property located at 10241 W Broward Blvd in Fort Lauderdale was recently sold for a total price of $4,617,500. The property spans across a total area of 11,236 square feet, resulting in a price per square foot of $411. The transaction took place on August 30, 2021.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $4,617,500
Fred Chikovsky acted as the buyer in this transaction, while Abbey Berkowitz and James Resnick served as the sellers. Their respective roles were as follows:
- Buyer: Fred Chikovsky
- Seller: Abbey Berkowitz & James Resnick
Players
Fort Lauderdale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.44%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93