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Max Farbstein & Ryan Farbstein Sell 7,716 SF SFR In Fort Lauderdale For $11.75M

Property Image
SOLD
$11,750,000
Ryan Farbstein
Max Farbstein
Alexander Goldstein

Florida

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Max Farbstein & Ryan Farbstein Sell 7,716 SF SFR In Fort Lauderdale For $11.75M

52 Royal Palm Dr Fort Lauderdale, FL 33301, USA

See Similar Deals
Single Family Residence7,716 SF
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1522
Total Square Footage:7716 SF
Transaction Type:Sale

A single-family home located at 52 Royal Palm Drive in Fort Lauderdale has been sold for $11,750,000. The property spans 7,716 square feet with a price per square foot of $1,523.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $11,750,000
  • Square Footage: 7,716
  • Price per Square Foot: $1,523
  • Address: 52 Royal Palm Drive, Fort Lauderdale

The buyer's representative in this transaction was Alexander Goldstein from Miles Goldstein Real Estate. The seller's representatives were Max Farbstein and Ryan Farbstein from Douglas Elliman.

Players

Alexander Goldstein
Miles Goldstein Real Estate
Alexander Goldstein
26 deals$281.6M volume
BROKER
Max Farbstein
Official
Max Farbstein
13 deals$92.8M volume(201) 572-2768
BROKER
Ryan Farbstein
Official
Ryan Farbstein
13 deals$92.8M volume(201) 572-2770
BROKER

Details

SOLD
IMAGE: Max Farbstein, Alexander Goldstein & Ryan Farbstein DATE: 07/14/2023 ADDRESS: 52 Royal Palm Drive MARKET: Fort Lauderdale ASSET TYPE: SFR BUYER'S REP: Alexander Goldstein (@Mralexgoldstein) - Miles Goldstein Real Estate SELLER'S REP: Max Farbstein (@Max_farb) & Ryan Farbstein (@Ryanfarb) - Douglas Elliman SALE PRICE: $11,750,000 SF: 7,716 ~ PPSF: $1,523

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

$626,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,745.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,700.99
Annual Debt Service$668,411.93