Updated Dec 4, 2024
CHFTRUST Purchases Single Family Home In Fort Lauderdale For $17M
$17,000,000
$1,550/SF
Building Size
10,966 SF
Asset Type
Single Family
Closing
Jun 5, 2024
About this deal
AI
The single-family property in Fort Lauderdale was sold for $17,000,000. Spanning 10,966 square feet, the transaction resulted in a price per square foot of $1,550.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,000,000
- Market: Fort Lauderdale
- Buyer: Cathy Holmes & Howard Tatz - CHFTRUST
- Seller: Rajiv Sharma & Ritu Sharma
- Buyer's Rep: William Spencer Carey - The Keyes Company
- Seller's Rep: Lourdes Maestres & Nidhi Sharma - Compass
William Spencer Carey from The Keyes Company served as the buyer's representative in the negotiation, while Lourdes Maestres and Nidhi Sharma from Compass represented the sellers. The transaction showcased expert brokerage services from these professionals in facilitating the sale of the property.
Players
Market 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93