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650 San Marco Drive, Fort L...

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

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

GQG Partners
GQG PartnersSeller

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