Cynthian Anne Hoy & Glenn C. Rice Acquire Single Family Home In Fort Lauderdale For $15.7M
650 San Marco Drive, Fort Lauderdale, FL, USA
$15,700,000
$2,022/SF
Building Size
7,762 SF
Asset Type
Single Family Residence
Closing
Apr 1, 2021
AI
A single-family property located at 650 San Marco Drive in Fort Lauderdale has been sold for a price of $15,700,000. The property spans 7,762 square feet with a price per square foot of $2,023. The sale was completed on April 2, 2021, by MetronomX, represented by Cynthian Anne Hoy and Glenn C. Rice. The sellers were Latika Jain and Rajiv Jain of GQG Partners.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $15,700,000
- Square Footage: 7,762
- Price per Square Foot: $2,023
- Date: April 2, 2021
- Buyer: Cynthian Anne Hoy, Glenn C. Rice - MetronomX
- Seller: Latika Jain, Rajiv Jain - GQG Partners
The buyer's representatives in this transaction were Cynthian Anne Hoy and Glenn C. Rice, who represented MetronomX. On the other side, the sellers were Latika Jain and Rajiv Jain, who were represented by GQG Partners. It is notable that the sale of this property reached a significant price of $15,700,000 in the Fort Lauderdale market.
Players
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
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93