Wanli Xiong Acquires Single Family Property In Fort Lauderdale For $14.15M
1235 E Lake Dr, Fort Lauderdale, FL, USA
$14,150,000
$914/SF
Building Size
15,475 SF
Asset Type
Single Family Residence
Closing
Aug 5, 2021
AI
Located at 1235 E Lake Dr in Fort Lauderdale, this single-family property recently changed hands in a closed transaction. The property spans over 15,475 square feet, with a price per square foot of $914. The sale price for the property was $14,150,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,150,000
- Address: 1235 E Lake Dr
- Market: Fort Lauderdale
Wanli Xiong acquired the property from Josh N. Bennett. The deal was handled by the respective brokers representing both parties.
Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93