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Cynthian Anne Hoy & Glenn C. Rice Acquire Single Family Home In Fort Lauderdale For $15.7M

Property Image
SOLD
$15,700,000

Florida

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Single Family Residence7,762 SF
Sold 04/02/2021
the dealdetailscomps
Property Image
SOLD

Cynthian Anne Hoy & Glenn C. Rice Acquire Single Family Home In Fort Lauderdale For $15.7M

650 San Marco Drive, Fort Lauderdale, FL, USA

See Similar Deals
Single Family Residence7,762 SF
Sold 04/02/2021
the dealdetailscomps

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,022
Total Square Footage:7,762 SF
Transaction Type:Sale

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

GQG Partners
GQG Partners
SELLER
GQG Partners
GQG Partners
SELLER

Details

SOLD
IMAGE: Glenn C. Rice & Rajiv Jain DATE: 04/02/2021 ADDRESS: 650 San Marco Drive MARKET: Fort Lauderdale ASSET TYPE: Single Family BUYER: Cynthian Anne Hoy, Glenn C. Rice - MetronomX SELLER: Latika Jain, Rajiv Jain - GQG Partners PRICE: $15,700,000 SF: 7,762 ~ PPSF: $2,023

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$55,778.80
Cash-on-Cash Return-1.27%
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