Amir Borna Acquires SFR In Oakland Park, Fort Lauderdale For $1.6M
1531 Northeast 42nd Street, Oakland Park, Florida 33334, United States
$1,612,000
$567/SF
Building Size
2,841 SF
Asset Type
Single Family Residence
Closing
Apr 14, 2022
AI
The recently closed property transaction in Oakland Park, Fort Lauderdale involved a Single Family Residence (SFR) located at 1531 NE 42nd St. This property, owned by Warren & Star Thomas, was sold to Amir Borna, as confirmed by the sales records dated April 15, 2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $1,612,000
- Address: 1531 NE 42nd St, Oakland Park, Fort Lauderdale
- Market: Oakland Park, Fort Lauderdale
- Square Footage: 2,841
The transaction was facilitated by broker Austin Bergman from Compass. The property was listed with an asking price of $1,295,000 but sold for an impressive $317,000 above the asking price, reaching a final sale price of $1,612,000. With a square footage of 2,841, the price per square foot of this SFR amounted to $567. This successful sale demonstrates the strong demand and competitive nature of the real estate market in Oakland Park, Fort Lauderdale.
Players
Oakland Park 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
9.84%
Cash-on-Cash
-2.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93