Updated Oct 29, 2024
Barry Minoff Acquires SFR In Fort Lauderdale For $20.5M
1831 Southeast 9th Street, Fort Lauderdale, FL, USA
$20,500,000
$1,584/SF
Building Size
12,938 SF
Asset Type
Single Family Residence
Closing
Feb 24, 2020
About this deal
AI
The property involved in this transaction is a single-family residence located at 1831 Southeast 9th Street in Fort Lauderdale. The property spans 12,938 square feet and was sold for a price of $20,500,000, resulting in a price per square foot of $1,584.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $20,500,000
- Market: Fort Lauderdale
- Buyer: Barry Minoff - Kichler Lighting
- Seller: Bruce Paddock
- Broker: Tim Elmes - Compass
The buyer in this transaction is Barry Minoff from Kichler Lighting, while the seller is Bruce Paddock. The broker representing the deal is Tim Elmes from Compass.
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 $20.5M for 12,938 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93