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Joseph Newton Acquires SFR In Fort Lauderdale For $3.75M From Seller Bruce Simon

Property Image
SOLD
$3,750,000
Karson Dietrich
Rachelle Ginsberg

Florida

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Single Family Residence3,944 SF
Sold 11/07/2022
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Property Image
SOLD

Joseph Newton Acquires SFR In Fort Lauderdale For $3.75M From Seller Bruce Simon

2615 E Las Olas Blvd

See Similar Deals
Single Family Residence3,944 SF
Sold 11/07/2022
Karson Dietrich
Rachelle Ginsberg
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$950
Total Square Footage:3,944 SF
Transaction Type:Sale

A single-family home located at 2615 E Las Olas Blvd in Fort Lauderdale has been sold for $3,750,000. The property spans 3,944 square feet and has a price per square foot of $951. The sale occurred on 11/07/2022.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $3,750,000
  • Address: 2615 E Las Olas Blvd
  • Market: Fort Lauderdale

The buyer of the property is Joseph Newton, while the seller is Bruce Simon. The deal was facilitated by brokers Rachelle Ginsberg from Coldwell Banker and Karson Dietrich from Premiere Estate Properties.

Players

Rachelle Ginsberg
Coldwell Banker
Rachelle Ginsberg
3 deals$11.6M volume
BROKER
Karson Dietrich
Premier Estate Properties
Karson Dietrich
2 deals$31.1M volume(772) 766-1711
BROKER

Details

SOLD
IMAGE: Karson Dietrich & Rachelle Ginsberg DATE: 11/07/2022 ADDRESS: 2615 E Las Olas Blvd MARKET: Fort Lauderdale ASSET TYPE: SFR BUYER: Joseph Newton SELLER: Bruce Simon BROKERS: Rachelle Ginsberg (@RachelleGinsbergRealEstate) - Coldwell Banker (@ColdwellBanker); Karson Dietrich (@KarsonDietrich) - Premiere Estate Properties SALE PRICE: $3,750,000 SF: 3,944 ~ PPSF: $951

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

$199,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96