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Christopher & Stephanie Chen Acquire Fort Lauderdale SFR For $11.5M

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SOLD
$11,500,000

Florida

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Single Family Residence12,530 SF
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SOLD

Christopher & Stephanie Chen Acquire Fort Lauderdale SFR For $11.5M

220 North Compass Drive, Fort Lauderdale, FL, USA

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Single Family Residence12,530 SF
Sold
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$917
Total Square Footage:12530 SF
Transaction Type:Sale

The property at 220 North Compass Dr in Fort Lauderdale was recently sold for $11,500,000. The single-family residence (SFR) spans 12,530 square feet, resulting in a price per square foot of $917. The transaction took place on February 19, 2020.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $11,500,000
  • Address: 220 North Compass Dr, Fort Lauderdale
  • Market: Fort Lauderdale
  • Buyer: Christopher & Stephanie Chen - ChenMed
  • Seller: Kerstin & Neil S. Schneider
  • Broker: Niki Higgins - Douglas Elliman
  • Square Footage: 12,530
  • Price per Square Foot: $917

Christopher & Stephanie Chen, representing ChenMed, acquired the property from Kerstin & Neil S. Schneider. Niki Higgins, a broker from Douglas Elliman, facilitated the transaction.

Players

Niki Higgins
Niki Higgins
1 deal$11.5M volume
BROKER

Details

SOLD
IMAGE: Niki Higgins DATE: 02/19/2020 ADDRESS: 220 North Compass Dr MARKET: Fort Lauderdale ASSET TYPE: SFR BUYER: Christopher & Stephanie Chen - ChenMed SELLER: Kerstin & Neil S. Schneider BROKER: Niki Higgins - Douglas Elliman PRICE: $11,500,000 SF: 12,530 ~ PPSF: $917

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$613,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40