Updated Oct 28, 2024
Michelle Post Acquires Single Family Home In Fort Lauderdale For $13M
1601 East Lake Drive, Fort Lauderdale, Florida 33316, United States
$13,000,000
$1,564/SF
Building Size
8,308 SF
Asset Type
Single Family Residence
Closing
Jul 29, 2022
About this deal
AI
The single-family property located at 1601 East Lake Drive in Fort Lauderdale has been sold. The transaction took place on 07/29/2022 and the property was purchased for a total of $13,000,000. The property spans over 8,308 square feet, resulting in a price per square foot of $1,565.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $13,000,000
Michelle Post and Mark Post, who can be found on @JaviersCantina, acquired the property from Dr. David Soria. The buyer was represented by David Marder from Level Realty, while the seller was represented by Joy Triglia and Jonathan Knight, known as The Triglia Knight Team at Premier Estate Properties.
The transaction was facilitated by First Republic Bank, serving as the lender in the deal.
Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $13M for 8,308 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93