Cicardo Development Acquires SFR In Fort Lauderdale For $8.7M
1400 West Lake Drive, Fort Lauderdale, Florida 33316, United States
$8,700,000
$2,175,000/SF
Building Size
4 SF
Asset Type
Single Family Residence
Closing
Mar 31, 2022
AI
A single-family home located at 1400 W Lake Dr in Fort Lauderdale was recently sold for $8,700,000. The property spans approximately 4,598 square feet, resulting in a price per square foot of $1,892. The sale took place on March 31, 2022.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $8,700,000
- Address: 1400 W Lake Dr, Fort Lauderdale
- Market: Fort Lauderdale
The buyer in this transaction was Cicardo Development, a real estate company involved in the purchase of the property. The sale was facilitated by Tim Schirripa of TDS Realty Advisors, who represented the buyer. Tim Schirripa works for Coldwell Banker, an established real estate agency.
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
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93