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Fort Lauderdale, Florida, U...

Philipp Kirschbaum Acquires Fort Lauderdale Single Family For $13.9M
SOLDSingle Family

Philipp Kirschbaum Acquires Fort Lauderdale Single Family For $13.9M

Fort Lauderdale, Florida, United States

$13,900,000

$1,263/SF

Building Size

11,000 SF

Asset Type

Single Family

Closing

Jun 29, 2022

AI

A single-family property in Fort Lauderdale has been sold for a price of $13,900,000. The property, spanning 11,000 square feet, was purchased by Philipp Kirschbaum from the sellers, Owners Corcoran & Traci Lynn Burton. The transaction was facilitated by Tim Elmes from Compass.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $13,900,000
  • Square Footage: 11,000
  • Buyer: Philipp Kirschbaum
  • Seller: Owners Corcoran & Traci Lynn Burton
  • Broker: Tim Elmes - Compass

Philipp Kirschbaum successfully acquired the single-family property in Fort Lauderdale. The transaction was overseen by Tim Elmes from Compass, who represented the buyer. The sellers, Owners Corcoran & Traci Lynn Burton, were represented by their broker. The sale price of $13,900,000 reflects the value of the property, which spans 11,000 square feet.

Players

Tim Elmes

Compass

Broker

$364.5M

vol

16 deals

Broker

Traci Lynn Burton

Corcoran

Seller

$27.8M

vol

2 deals

Seller

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

1.14%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93