PC UT Holdings Acquires Single Family Home In Fort Lauderdale For $16.75M
1600 Ponce De Leon Drive, Fort Lauderdale, FL, USA
$16,750,000
$1,342/SF
Building Size
12,476 SF
Asset Type
Single Family Residence
Closing
Feb 21, 2021
AI
The property at 1600 Ponce De Leon Drive in Fort Lauderdale has been sold for $16,750,000. The single-family asset spans an impressive 12,476 square feet, resulting in a price per square foot of $1,343. The transaction took place on February 22, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $16,750,000
- Address: 1600 Ponce De Leon Drive, Fort Lauderdale
- Market: Fort Lauderdale
Rachel Alexander from Whitaker Realty represented the buyer, PC UT Holdings, in this sale. Julie Jones-Bernard from Florida Luxurious Properties served as the seller's representative, assisting Donald K. and Rebecca M. McKinney in the transaction.
Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93