Kathy K. Binford & Shirley Banks Robinson Acquire Vacant Residence In Fort Lauderdale For $20M
477 Northwest 1st Avenue, Fort Lauderdale, Florida 33311, United States
$20,000,000
Building Size
—
Asset Type
Other
Closing
Mar 3, 2022
About this deal
AI
A vacant residence located at 477 Sw 1st Ave in Fort Lauderdale, FL was recently sold for $20,000,000. The transaction took place on March 4, 2022.
Summary of transaction details
- Property Type: Vacant Residence
- Transaction Amount: $20,000,000
- Address: 477 Sw 1st Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer of the property is Kathy K. Binford & Shirley Banks Robinson, while the seller is James F. Ellis.
Please note that no additional details are available regarding the vacant residence sale.
On the Map
$20,000,000
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93