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John C. Spyksma Acquires Waterfront Home At 529 Bontona Ave In Fort Lauderdale For $23.96M
SOLD
$23,955,000
Florida
See Similar DealsSingle Family10,259 SF
Sold
SOLD
John C. Spyksma Acquires Waterfront Home At 529 Bontona Ave In Fort Lauderdale For $23.96M
529 Bontona Avenue
See Similar DealsSingle Family10,259 SF
Sold
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2335
Total Square Footage:10259 SF
Transaction Type:Sale
A 10,259-square-foot waterfront home at 529 Bontona Ave. in Fort Lauderdale’s Las Olas Isles sold for $23.955 million. The asset spans 0.85 acres and is classified as a single-family residence.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,955,000
- Address: 529 Bontona Ave
- Market: Fort Lauderdale
- Square Footage: 10,259
- Price Per Square Foot: $2,335
- Buyer: John C. Spyksma
- Seller: James T. Bates - 3220 Warehouse Corp.
- Broker: Tim Elmes - Compass
Tim Elmes of Compass represented both the seller, 3220 Warehouse Corp. led by James T. Bates, and the buyer, John C. Spyksma, trustee of the John C. Spyksma Revocable Trust, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,277,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,107.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,558.92
Annual Debt Service$1,362,707.06
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