facebook
Traded Co logo
Submit

Philipp Kirschbaum Acquires Fort Lauderdale Single Family For $13.9M

Property Image
SOLD
$13,900,000

Florida

See Similar Deals
Single Family11,000 SF
Sold 06/29/2022
the dealplayerscompscontact
Property Image
SOLD

Philipp Kirschbaum Acquires Fort Lauderdale Single Family For $13.9M

Fort Lauderdale, Florida, United States

See Similar Deals
Single Family11,000 SF
Sold 06/29/2022
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,263
Total Square Footage:11,000 SF
Transaction Type:Sale

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
16 deals$364.5M volume
BROKER


2 deals$27.8M volume
SELLER

Details

SOLD
IMAGE: Tim Elmes DATE: 06/29/2022 MARKET: Fort Lauderdale ASSET TYPE: Single Family BUYER: Philipp Kirschbaum SELLER: Owners Corcoran & Traci Lynn Burton BROKER: Tim Elmes - Compass SALE PRICE: $13,900,000 SF: 11,000 ~ PPSF: $1,264

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$741,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,383.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,893.09
Annual Debt Service$790,717.10