Peter Carr Acquires Single Family Property In Lighthouse Point For $5.5M
SOLD
Florida
See Similar DealsSingle Family5,105 SF
Sold 09/29/2023
SOLD
Peter Carr Acquires Single Family Property In Lighthouse Point For $5.5M
3831 Northeast 24th Avenue
See Similar DealsSingle Family5,105 SF
Sold 09/29/2023
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,077
Total Square Footage:5,105 SF
Transaction Type:Sale
A single-family property located at 3831 Northeast 24th Avenue in Lighthouse Point has been sold for $5,500,000. The property spans 5,105 square feet with a price per square foot of $1,077. The transaction took place on September 29, 2023.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,500,000
- Address: 3831 Northeast 24th Avenue
- Market: Lighthouse Point
- Buyer: Peter Carr
- Seller: Michel Huyghe
- Seller's Representative: Brian Pearl & Vini Antonacci - The Pearl Antonacci Group - Compass
- Asking Price: $5,550,000
- Square Footage: 5,105
- Price per Square Foot: $1,077
The transaction was facilitated by Brian Pearl and Vini Antonacci, who represent the seller in this deal. The Pearl Antonacci Group, affiliated with Compass, served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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