Updated Oct 29, 2024
Atlantic Paradise Acquires Single Family Property In Fort Lauderdale For $12.6M
1635 North Fort Lauderdale Beach Boulevard, Fort Lauderdale, Florida 33305, United States
$12,600,000
$1,575,000/SF
Building Size
8 SF
Asset Type
Single Family Residence
Closing
Jan 8, 2023
About this deal
AI
The property involved in this transaction is a Single Family home located at 1635 North Fort Lauderdale Beach Boulevard in Fort Lauderdale. The property sits on approximately 0.8 acres of land. The sale took place on January 9, 2023, with a sale price of $12,600,000. The property spans 8,000 square feet, resulting in a price per square foot of $1,575. The buyer of the property is Atlantic Paradise represented by Kate & Brent Nelson. The seller is Sam Katz. The buyer's representative is Vicci Read from Compass, and the seller's representative is Liliya Kalynovych from Coldwell Banker Realty. The transaction was facilitated by UBS Bank as the lender.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,600,000
- Address: 1635 North Fort Lauderdale Beach Boulevard, Fort Lauderdale
- Market: Fort Lauderdale
- Asset Type: Single Family
- Acres: 0.8
Vicci Read from Compass represented the buyer, Atlantic Paradise, in this transaction. Liliya Kalynovych from Coldwell Banker Realty represented the seller, Sam Katz. Both parties worked with UBS Bank as the lender for the deal.
On the Map
$12,600,000
$1,575,000/SF
Single Family Residence
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Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $1.6M per square foot on a published $12.6M for 8 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93