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Fort Lauderdale, Florida, U...

J. Frank Barefeild Jr. Acquires Fort Lauderdale Single Family Property For $23.98M
SOLDSingle Family

J. Frank Barefeild Jr. Acquires Fort Lauderdale Single Family Property For $23.98M

Fort Lauderdale, Florida, United States

$23,980,000

$1,419/SF

Building Size

16,898 SF

Asset Type

Single Family

Closing

Feb 18, 2020

AI

A single-family property located in Fort Lauderdale has been sold for $23,980,000. The property spans across approximately 1.1 acres of land. It offers a spacious living area of 16,898 square feet, resulting in a price per square foot of $1,419. The sale took place on February 18, 2022, and was facilitated by broker Tim Elmes from Compass.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $23,980,000
  • Market: Fort Lauderdale
  • Property Size: 1.1 acres
  • Square Footage: 16,898
  • Price Per Square Foot: $1,419

The buyer of the property is J. Frank Barefeild Jr., represented by Abbey Residential. The sellers are Marlene and Manuel Aguero. Tim Elmes from Compass acted as the broker in this transaction.

Players

Tim Elmes

Compass

Broker

$364.5M

vol

16 deals

Broker
AR
Abbey ResidentialBuyer

Manuel Aguero

Seller

$79.5M

vol

3 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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93