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Furrukh Munawar, Robert Corrato, Troy Williams & Michael Mullen Sell Harbor Beach Single Family For $14M

Property Image
SOLD
$14,000,000
Gabrielle DiTommaso

Florida

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Property Image
SOLD

Furrukh Munawar, Robert Corrato, Troy Williams & Michael Mullen Sell Harbor Beach Single Family For $14M

70 Isla Bahia Drive, Fort Lauderdale, Florida 33316, United States

See Similar Deals
Co-Op
Sold 04/13/2022
Gabrielle DiTommaso
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Summary

FLORIDA
Asset Type:Co-Op
Transaction Type:Sale

The property asset involved in this transaction is a single-family home located in Harbor Beach, Fort Lauderdale. It encompasses 0.3 acres and offers a total square footage of 7,961. The sale price for this property was $14,000,000, resulting in a price per square foot of $1,759.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $14,000,000
  • Acres: 0.3
  • Square Footage: 7,961
  • Price per Square Foot: $1,759
  • Seller: Furrukh Munawar, Robert Corrato, Troy Williams & Michael Mullen
  • Buyer's Representative: Peggy Olin - OneWorld Properties
  • Seller's Representative: Gabrielle DiTommaso - Compass
  • Lender: Bank of America

This transaction prominently featured Peggy Olin representing the buyer as part of OneWorld Properties, while the seller was represented by Gabrielle DiTommaso from Compass. The involvement of Bank of America is noted as the lender for the deal.

Players

Gabrielle DiTommaso
2 deals$28M volume
BROKER

Peggy Olin
1 deal$14M volume
BROKER


Bank of America
LENDER

Details

SOLD
IMAGE: Gabrielle DiTommaso & Peggy Olin DATE: 04/13/2022 MARKET: Harbor Beach, Fort Lauderdale ASSET TYPE: Single Family ~ ACRES: 0.3 SELLER: Furrukh Munawar, Robert Corrato, Troy Williams & Michael Mullen BUYER'S REP: Peggy Olin (@PeggyOlin111) - OneWorld Properties (@OWPBrokers) SELLER'S REP: Gabrielle DiTommaso (@GabrielleFloridaRealtor) Compass (@Compass) LENDER: Bank of America SALE PRICE: $14,000,000 SF: 7,961 ~ PPSF: $1,759

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$746,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71