Morris Kaplan And Kevin Watson Acquire Retail Property In Fort Lauderdale For $6M&
2430 Northeast 13th Avenue, Fort Lauderdale, Florida 33305, United States
$6,043,301
$1,343/SF
Building Size
4,499 SF
Asset Type
Retail
Closing
Aug 17, 2022
AI
This retail property located at 2430 Ne 13th Ave in Fort Lauderdale, FL was recently sold on August 18, 2022. The property spans 4,499 square feet and was sold for a total price of $6,043,301, resulting in a price per square foot of $1,343.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,043,301
- Address: 2430 Ne 13th Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyers of this retail property were Morris Kaplan and Kevin Watson. They acquired the property from Carl S. Marzola and Evangelos Anthony.
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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93