Updated Oct 29, 2024
Christopher & Stephanie Chen Acquire Fort Lauderdale SFR For $11.5M
220 North Compass Drive, Fort Lauderdale, FL, USA
$11,500,000
$917/SF
Building Size
12,530 SF
Asset Type
Single Family Residence
Closing
Feb 18, 2020
About this deal
AI
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
Fort Lauderdale 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93