House Reform Commercial 1 Acquires Retail Asset In Ft Lauderdale's Flagler Village For $2.035M
433 NW 1 Ave, Fort Lauderdale, Florida 33301, United States
$2,035,000
$581/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Jan 30, 2022
AI
A retail property located at 433 NW 1 Ave in Flagler Village, Ft Lauderdale has been sold for $2,035,000. The property spans 3,500 square feet, resulting in a price per square foot of $581. The sale took place on January 31, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,035,000
- Square Footage: 3,500
- Price Per Square Foot: $581
- Address: 433 NW 1 Ave, Flagler Village, Ft Lauderdale
- Market: Flagler Village, Ft Lauderdale
The buyer in this transaction is House Reform Commercial 1, represented by Ting Jun Lei. The seller is Metro 1 FTL, represented by Tony Cho. The brokers involved in the deal are Juan Andres Nava and Andy Charry from Metro 1 Commercial.
Players
Fort Lauderdale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.80%
Cash-on-Cash
-2.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93