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Las Olas, Fort Lauderdale, ...

Leonard Williams Acquires Las Olas Single Family Home For $6.8M
SOLDSingle Family Residence

Leonard Williams Acquires Las Olas Single Family Home For $6.8M

Las Olas, Fort Lauderdale, Florida 33316, United States

$6,800,000

$887/SF

Building Size

7,660 SF

Asset Type

Single Family Residence

Closing

May 30, 2022

AI

A single-family property located in Las Olas, Fort Lauderdale, was recently sold for a total of $6,800,000. The transaction took place on May 31, 2022, and the property spans 7,660 square feet, with a price per square foot of $888. The asset sits on approximately 0.2 acres.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $6,800,000
  • Market: Las Olas, Fort Lauderdale
  • Square Footage: 7,660
  • Price Per Square Foot: $888

The buyer of the property was Leonard Williams, representing the company ygiants. On the other hand, Galo Coba and Jessica Atkins served as the sellers. Tanya Vanterpool from Macken Realty represented the buyer, while Marc Hameroff from Engel & Völkers represented the sellers in the deal.

Players

Marc Hameroff

Engel & Völkers

Broker

$20.9M

vol

2 deals

Broker

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

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93