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3080 Northeast 41st Street,...

Phillipp Kirschbaum Acquires Fort Lauderdale Single Family Property For $13.9M
SOLDSingle Family Residence

Phillipp Kirschbaum Acquires Fort Lauderdale Single Family Property For $13.9M

3080 Northeast 41st Street, Fort Lauderdale, Florida 33308, United States

$13,900,000

$1,157/SF

Building Size

12,004 SF

Asset Type

Single Family Residence

Closing

Jun 29, 2022

AI

The single-family property located at 3080 NE 41st St in Fort Lauderdale, FL has been sold. The transaction took place on June 30, 2022. The property spans a total of 12,004 square feet and was sold for a price of $13,900,000. This translates to a price per square foot of $1,158.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $13,900,000
  • Address: 3080 NE 41st St, Fort Lauderdale, FL
  • Market: Fort Lauderdale, FL

The buyer in this transaction is Phillipp Kirschbaum, while the sellers are Corcoran D Burton, Traci Lynn Burton, and Corcoran D Burton.

Players

Phillipp Kirschbaum

Buyer

$27.8M

vol

2 deals

Buyer

Traci Lynn Burton

Corcoran

Seller

$27.8M

vol

2 deals

Seller

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

1.14%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93