Kevin Lowe Purchases Single Family Home From Miguel Zubizarreta For $8.8 Million
2841 Northeast 37th Court
$8,800,000
$1,364/SF
Building Size
6,448 SF
Asset Type
Single Family Residence
Closing
Dec 12, 2024
AI
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
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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93