Paul B. Prager Acquires Single Family Property In Fort Lauderdale From Seller Michael Wekerle
SOLD
$16,500,000
Florida
See Similar DealsSingle Family9,205 SF
Sold 06/28/2021
SOLD
Paul B. Prager Acquires Single Family Property In Fort Lauderdale From Seller Michael Wekerle
Fort Lauderdale, FL, USA
See Similar DealsSingle Family9,205 SF
Sold 06/28/2021
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,792
Total Square Footage:9,205 SF
Transaction Type:Sale
A single-family home in Fort Lauderdale, Florida has been sold for $16,500,000. The property spans 9,205 square feet, resulting in a price per square foot of $1,793. The transaction took place on June 28, 2021.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,500,000
- Market: Fort Lauderdale
- Buyer: Paul B. Prager - Beowulf
- Seller: Michael Wekerle
- Broker: Ruchel Coetzee - Douglas Elliman
Paul B. Prager, represented by Ruchel Coetzee of Douglas Elliman, purchased the single-family property from Michael Wekerle. The sale price of $16,500,000 reflects the high value of this property in Fort Lauderdale.
Players
Details
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
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
Is there something missing? Send suggestions