Updated Dec 18, 2023
Richard Chierico Acquires Single Family Property In Fort Lauderdale For $3.97M
2618 Sea Island Drive, Fort Lauderdale, Florida 33301, United States
$3,973,125
$781/SF
Building Size
5,086 SF
Asset Type
Single Family Residence
Closing
Jul 24, 2022
About this deal
AI
The single-family property located at 2618 Sea Island Dr in Fort Lauderdale, FL was recently sold. The transaction took place on 07/25/2022.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,973,125
- Address: 2618 Sea Island Dr, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Square Footage: 5,086
- Price per Square Foot: $781
The buyer of the property is Richard Chierico, while the seller is Anthony Palazzo.
Additional details about the deal's key individuals and companies involved were not provided.
On the Map
$3,973,125
$781/SF
Single Family Residence
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Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $781 per square foot on a published $4M for 5,086 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.99%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93