Updated Feb 21, 2025
Luxuri International Realty Represents Seller In $4.8M Sale Of Fort Lauderdale Vacation Rental
2719 Northeast 14th Street
$4,800,000
$1,101/SF
Building Size
4,356 SF
Asset Type
Single Family Residence
Closing
Feb 3, 2025
About this deal
AI
This single-family home located at 2719 Northeast 14th Street in Fort Lauderdale has a sale price of $4,800,000. The property spans 4,356 square feet and has a price per square foot of $1,101. It consists of 4 bedrooms and was previously utilized as a vacation rental.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,800,000
- Square Footage: 4,356
- Price Per Square Foot: $1,101
- Seller's Representative: Larry Shinbaum - Luxuri International Realty
- Market: Fort Lauderdale
The deal involved Larry Shinbaum from Luxuri International Realty as the seller's representative. The property was generating approximately $40,000 per month as a vacation rental under the management of Luxuri International Realty.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93