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
About this deal
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.
On the Map
$14,000,000
Co-Op
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Players
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93