Morris Kaplan And Kevin Watson Acquire Retail Property In Fort Lauderdale For $6M&
SOLD
Florida
See Similar DealsRetail4,499 SF
Sold 08/18/2022
SOLD
Morris Kaplan And Kevin Watson Acquire Retail Property In Fort Lauderdale For $6M&
2430 Northeast 13th Avenue, Fort Lauderdale, Florida 33305, United States
See Similar DealsRetail4,499 SF
Sold 08/18/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,343
Total Square Footage:4,499 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$322,309.39
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,470.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,648.33
Annual Debt Service$343,779.96
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