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1000 Riviera Isle Drive, Fo...

Seth Cohen And Brad Cohen Acquire $19.5M Single Family Property In Fort Lauderdale
SOLDSingle Family Residence

Seth Cohen And Brad Cohen Acquire $19.5M Single Family Property In Fort Lauderdale

1000 Riviera Isle Drive, Fort Lauderdale, Florida 33301, United States

$19,500,000

$2,166,666/SF

Building Size

9 SF

Asset Type

Single Family Residence

Closing

Apr 17, 2023

AI

The single family property located at 1000 Riviera Drive in Fort Lauderdale has been sold in a recent transaction. The property spans 9,700 square feet and was sold for a price of $19,500,000, resulting in a price per square foot of $2,010. The sale took place on December 30, 2022.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $19,500,000
  • Address: 1000 Riviera Drive
  • Market: Fort Lauderdale

The buyer of the property is Seth & Brad Cohen, representing Insurance Care Direct. The seller, on the other hand, is Paul Prager, who was represented by TeraWulf. Angeline Earnest from Compass acted as the buyer's representative, while Ruchel Coetzee from Douglas Elliman represented the seller.

Players

Ruchel Coetzee

Douglas Elliman

Broker

$36M

vol

2 deals

Broker

Seth Cohen

Insurance Care Direct

Buyer

$52.8M

vol

4 deals

Buyer
ID
Insurance Care DirectBuyer

Fort Lauderdale Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93