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Fort Lauderdale, FL, USA

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

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

Gabrielle DiTommaso

Compass

Broker

$28M

vol

2 deals

Broker
Steve Poulos

Steve Poulos

Bridge Development Partners

Buyer

$2B

vol

28 deals

Buyer
Bridge Development Partners
Bridge Development PartnersBuyer

Robert Corrato

Seller

$28M

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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93