Kathy K. Binford & Shirley Banks Robinson Acquire Vacant Residence In Fort Lauderdale For $20M
SOLD
$20,000,000
Florida
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Sold 03/04/2022
SOLD
Kathy K. Binford & Shirley Banks Robinson Acquire Vacant Residence In Fort Lauderdale For $20M
477 Northwest 1st Avenue, Fort Lauderdale, Florida 33311, United States
See Similar DealsOther
Sold 03/04/2022
Summary
FLORIDA
Asset Type:Other
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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