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Edward Carriero Of Insurance Care Direct Acquires SFR In Lighthouse Point For $6.4M

Property Image
SOLD
$6,400,000
Cori O’Brien
Senada Adzem

Florida

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Single Family Residence16,693 SF
Sold 08/06/2020
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Property Image
SOLD

Edward Carriero Of Insurance Care Direct Acquires SFR In Lighthouse Point For $6.4M

3100 NE 46th St, Lighthouse Point, FL 33064, USA

See Similar Deals
Single Family Residence16,693 SF
Sold 08/06/2020
Cori O’Brien
Senada Adzem
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$383
Total Square Footage:16,693 SF
Transaction Type:Sale

The property involved in this transaction is a single-family home located at 3100 Northeast 46th Street in Lighthouse Point. The property spans a total area of 16,693 square feet and was sold for a price of $6,400,000, resulting in a price per square foot of $383.

Summary of transaction details

  • Property Type: Single Family Residential (SFR)
  • Transaction Amount: $6,400,000
  • Address: 3100 Northeast 46th Street
  • Market: Lighthouse Point

James and Teresa M. Verrillo were the sellers of this property. The buyer was Edward Carriero, who represents Insurance Care Direct. Cori O’Brien, from Global Luxury Realty, represented the sellers in this transaction, while Senada Adzem from Douglas Elliman served as the buyer's representative.

Players

Senada Adzem
Douglas Elliman
Senada Adzem
28 deals$657.6M volume
BROKER
Cori O’Brien
Compass
Cori O’Brien
1 deal$6.4M volume
BROKER
ID
Insurance Care Direct
BUYER

Details

SOLD
IMAGE: IMAGE: Cori O’Brien & Senada Adzem⁠ DATE: 08/06/2020⁠ ADDRESS: 3100 Northeast 46th Street⁠ MARKET: Lighthouse Point⁠ ASSET TYPE: SFR⁠ SELLER: James & Teresa M. Verrillo⁠ BUYER: Edward Carriero – Insurance Care Direct⁠ SELLER’S REP: Cori O’Brien – Global Luxury Realty⁠ BUYER’S REP: Senada Adzem – Douglas Elliman⁠ PRICE: $6,400,000⁠ SF: 16,693⁠ PPSF: $383⁠

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

$341,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18