Giulio Milano Of Compass Represents Buyer In $12.2M Sale Of Fort Lauderdale Single Family Home
SOLD
Florida
See Similar DealsSingle Family Residence7,050 SF
Sold 03/25/2025
SOLD
Giulio Milano Of Compass Represents Buyer In $12.2M Sale Of Fort Lauderdale Single Family Home
41 Northeast 21st Avenue
See Similar DealsSingle Family Residence7,050 SF
Sold 03/25/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,730
Total Square Footage:7,050 SF
Transaction Type:Sale
The property asset involved in this transaction is a single-family home located at 41 Nurmi Drive in Fort Lauderdale. The sale price reached $12,200,000, with a total square footage of 7,050 and a price per square foot of $1,730.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,200,000
- Address: 41 Nurmi Drive
- Market: Fort Lauderdale
- Square Footage: 7,050
- Price Per Square Foot: $1,730
- Buyer's Representative: Giulio Milano - Compass
- Seller's Representatives: Daniel Hertzberg - Coldwell Banker; Chip Falkanger - Compass
This transaction marks a record-breaking sale on Nurmi Drive and sets a new benchmark in the market, reflecting the significant involvement of the agents representing both the buyer and the seller in this high-value deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$650,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,344.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,834.22
Annual Debt Service$694,010.69
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