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3110 Northeast 57th Court

William Grubich Acquires SFR In Fort Lauderdale For $2.19M
SOLDCo-Op

William Grubich Acquires SFR In Fort Lauderdale For $2.19M

3110 Northeast 57th Court

$2,187,500

$789/SF

Building Size

2,772 SF

Asset Type

Co-Op

Closing

Oct 28, 2022

AI

A single-family home located at 3110 NE 57th Ct in Fort Lauderdale, FL has been sold. The property, with a total area of 2,772 square feet, was sold for a price of $2,187,500, resulting in a price per square foot of $789.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $2,187,500
  • Square Footage: 2,772
  • Address: 3110 NE 57th Ct, Fort Lauderdale, FL
  • Market: Fort Lauderdale, FL

The buyer of the property was William Grubich, while the seller was Susan Walker LV Trust. Representing both the buyer and seller in the transaction was Kathryn B. Gillespie, who works at 15 Properties.

Players

Kathryn B. Gillespie

Broker

$2.2M

vol

2 deals

Broker

Fort Lauderdale Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.25%

Cash-on-Cash

-2.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93