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1531 Northeast 42nd Street,...

Amir Borna Acquires SFR In Oakland Park, Fort Lauderdale For $1.6M
SOLDSingle Family Residence

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

Austin Bergman

Compass

Broker

$18.2M

vol

5 deals

Broker

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