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713 Southeast 7th Street

Guy Peri Acquires Single Family Residence From Tina M. Leo For $3.2M
SOLDSingle Family

Guy Peri Acquires Single Family Residence From Tina M. Leo For $3.2M

713 Southeast 7th Street

$3,200,000

$952/SF

Building Size

3,358 SF

Asset Type

Single Family

Closing

May 6, 2024

AI

The Single Family property located at 713 Southeast 7th Street in Fort Lauderdale was sold for $3,200,000. Spanning 3,358 square feet, the property was acquired at a price per square foot of $953. The transaction took place on 05/06/2024 with Guy Peri purchasing the property from Tina M. Leo. The seller was represented by Andre Huyghues Despointes from Sutter & Nugent.

Summary of transation details:

  • Property Type: Single Family
  • Transaction Amount: $3,200,000
  • Address: 713 Southeast 7th Street
  • Market: Fort Lauderdale
  • Buyer: Guy Peri
  • Seller: Tina M. Leo
  • Seller's Rep: Andre Huyghues Despointes - Sutter & Nugent
  • SF: 3,358
  • PPSF: $953

Andre Huyghues Despointes from Sutter & Nugent represented the seller, Tina M. Leo, in the property transaction involving 713 Southeast 7th Street in Fort Lauderdale. This deal showcased the successful collaboration and negotiation between the buyer, Guy Peri, and the seller, culminating in the acquisition of the Single Family asset at the heart of Fort Lauderdale's real estate market.

Players

Andre Huyghues Despointes

Compass

Broker

$16.9M

vol

6 deals

Broker

Fort Lauderdale Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93