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
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.
Players
Fort Lauderdale Other Market Snapshot
Boundary boundary · Other · Sale transactions
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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