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
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