Bridge Development Partners Acquires Single Family Home In Fort Lauderdale For $14M
Fort Lauderdale, FL, USA
$14,000,000
$1,779/SF
Building Size
7,869 SF
Asset Type
Single Family
Closing
Oct 27, 2021
AI
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
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93