Updated Oct 29, 2024
Peter Parthenis Jr Acquires SFR In Las Olas Isles, Fort Lauderdale For $9.4M
650 Royal Plaza Drive, Fort Lauderdale, FL, USA
$9,400,000
$1,014/SF
Building Size
9,267 SF
Asset Type
Single Family Residence
Closing
Jun 7, 2020
About this deal
AI
A single-family home located at 650 Royal Plaza Dr in Las Olas Isles, Fort Lauderdale, has been sold for $9,400,000. The property spans 9,267 square feet and was part of a recent transaction.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $9,400,000
- Date: 06/08/2020
- Market: Las Olas Isles, Fort Lauderdale
Peter Parthenis Jr, the buyer of this property, represents Grecian Delight Foods and Pure Mediterranean Foods. The seller, Barry Skolnick, successfully closed the deal with the assistance of brokers Sheryl Hodor from Compass and Susan Rindley from One Sotheby’s International Realty.
On the Map
$9,400,000
$1,014/SF
Single Family Residence
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Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1K per square foot on a published $9.4M for 9,267 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93