Michelle Howland Acquires SFR In Fort Lauderdale For $4.9M
2700 Northeast 40th Street, Fort Lauderdale, FL, USA
$4,900,000
$963/SF
Building Size
5,086 SF
Asset Type
Single Family Residence
Closing
Jun 18, 2020
AI
Located in Fort Lauderdale, the recently sold single-family home at 2700 NE 40th Street offers a total of 5,086 square feet of living space. This spacious property features a beautiful design and high-quality finishes. With an asking price of $4,999,000, this SFR was purchased for $4,900,000. The price per square foot (PPSF) comes out to be $963.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,900,000
- Date: 06/18/2021
- Market: Fort Lauderdale
- Buyer's Representative: Michelle Howland - Compass
- Seller's Representative: Marc Brandt - MarcBrandt
Michelle Howland from Compass represented the buyer in this successful transaction, while the seller was represented by Marc Brandt from MarcBrandt. Both parties were able to negotiate a sale price that was slightly below the initial asking price of $4,999,000.
Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93