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129 Nurmi Dr Fort Lauderdal...

Raymond Basha Sells SFR In Fort Lauderdale For $9.5 Million
SOLDSingle Family Residence

Raymond Basha Sells SFR In Fort Lauderdale For $9.5 Million

129 Nurmi Dr Fort Lauderdale, FL 33301, USA

$9,500,000

$1,587/SF

Building Size

5,983 SF

Asset Type

Single Family Residence

Closing

Jul 11, 2023

AI

A single-family residential property located at 129 Nurmi Dr in Fort Lauderdale has been recently sold. The property spans over 5,983 square feet and was sold for a total price of $9,500,000, resulting in a price per square foot of $1,588.

Summary of Transaction Details

  • Property Type: SFR
  • Transaction Amount: $9,500,000
  • Square Footage: 5,983
  • Address: 129 Nurmi Dr
  • Market: Fort Lauderdale

Raymond Basha acted as the seller for this transaction. The buyer's representative throughout the deal was Kimberly (Kim) Rodstein from Keller Williams. On the other hand, George Khoury, from GK Realty Group, represented the seller.

It is worth noting that the property was sold for $1,588 per square foot, while similar properties in the area are being sold at an average price of $1,396 per square foot.

Players

George Khoury

GK Realty Group

Broker

$27.4M

vol

3 deals

Broker

Miami 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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93