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
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