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Kevin Lowe Purchases Single Family Home From Miguel Zubizarreta For $8.8 Million

Property Image
SOLD
$8,800,000
Timothy Singer
Aleksandra Roman

Florida

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Single Family Residence6,448 SF
Sold 12/12/2024
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Property Image
SOLD

Kevin Lowe Purchases Single Family Home From Miguel Zubizarreta For $8.8 Million

2841 Northeast 37th Court

See Similar Deals
Single Family Residence6,448 SF
Sold 12/12/2024
Timothy Singer
Aleksandra Roman
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,364
Total Square Footage:6,448 SF
Transaction Type:Sale

The property involved in this transaction is a single-family home located at 2841 Northeast 37th Court in Fort Lauderdale. The sale price was $8,800,000, with a total square footage of 6,448 and a price per square foot of $1,364.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $8,800,000
  • Address: 2841 Northeast 37th Court
  • Market: Fort Lauderdale
  • Square Footage: 6,448
  • Price Per Square Foot: $1,364
  • Buyer: Kevin Lowe
  • Seller: Miguel Zubizarreta
  • Buyer's Representative: Timothy Singer - Coldwell Banker
  • Seller's Representative: Aleksandra Roman - Douglas Elliman

The deal was facilitated by Timothy Singer, representing the buyer Kevin Lowe, and Aleksandra Roman, representing the seller Miguel Zubizarreta. Their roles were crucial in managing the interactions and negotiations between both parties leading to the successful completion of the sale.

Players

Timothy Singer
Coldwell Banker
Timothy Singer
2 deals$17.8M volume
BROKER
Aleksandra Roman
Douglas Elliman
Aleksandra Roman
1 deal$8.8M volume(954) 830-7425
BROKER

Details

SOLD
IMAGE: Aleksandra Roman & Timothy Singer DATE: 12/12/2024 ADDRESS: 2841 Northeast 37th Court MARKET: Fort Lauderdale ASSET TYPE: Single Family BUYER: Kevin Lowe SELLER: Miguel Zubizarreta BUYER'S REP: Timothy Singer (@TimSingerrealestat) - Coldwell Banker (@ColdwellBanker) SELLER'S REP: Aleksandra Roman (@Residencess) - Douglas Elliman (@DouglasElliman) SALE PRICE: $8,800,000 SF: 6,448 ~ PPSF: $1,364

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

$469,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,264.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,716.49
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