facebook
Traded Co logo
Submit

Bridge Development Partners Acquires Single Family Home In Fort Lauderdale For $14M

Property Image
SOLD
$14,000,000
Steve Poulos

Florida

See Similar Deals
Single Family7,869 SF
Sold 10/27/2021
the dealplayerscompscontact
Property Image
SOLD

Bridge Development Partners Acquires Single Family Home In Fort Lauderdale For $14M

Fort Lauderdale, FL, USA

See Similar Deals
Single Family7,869 SF
Sold 10/27/2021
Steve Poulos
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,779
Total Square Footage:7,869 SF
Transaction Type:Sale

A single-family property in Fort Lauderdale has been sold for a whopping $14,000,000. The property, which spans 7,869 square feet, was purchased by Colleen Poulos and Steve Poulos of Bridge Development Partners. The seller, Newton Square, represented by Versalus Health's Roberto Corrato, agreed to the transaction. The deal was facilitated by Gabrielle DiTommaso of Compass, who served as the broker in this transaction.

Summary of Transaction Details

  • Property Type: Single Family
  • Transaction Amount: $14,000,000
  • Square Footage: 7,869
  • Market: Fort Lauderdale

Colleen Poulos and Steve Poulos, representing Bridge Development Partners, acquired the property from Newton Square, with Roberto Corrato acting as their representative. The sale was completed with the assistance of Gabrielle DiTommaso, a broker at Compass.

Players

Gabrielle DiTommaso
2 deals$28M volume
BROKER

Steve Poulos
Bridge Development Partners
26 deals$2B volume
BUYER

Bridge Development Partners
BUYER

Details

SOLD
IMAGE: Gabrielle DiTommaso, Steve Poulos & Roberto Corrato DATE: 10/27/2021 MARKET: Fort Lauderdale ASSET TYPE: Single Family BUYER: Colleen Poulos; Steve Poulos - Bridge Development Partners SELLER: Newton Square; Versalus Health - Roberto Corrato BROKER: Gabrielle DiTommaso - Compass SALE PRICE: $14,000,000 SF: 7,869 ~ PPSF: $1,779

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)

$746,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71