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70 Isla Bahia Drive, Fort L...

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

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

$14,000,000

Building Size

Asset Type

Co-Op

Closing

Apr 12, 2022

AI

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

Compass

Broker

$28M

vol

2 deals

Broker

Robert Corrato

Seller

$28M

vol

2 deals

Seller
Bank of America
Bank of AmericaLender

Fort Lauderdale Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93