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Fort Lauderdale, FL, USA

Paul B. Prager Acquires Single Family Property In Fort Lauderdale From Seller Michael Wekerle
SOLDSingle Family

Paul B. Prager Acquires Single Family Property In Fort Lauderdale From Seller Michael Wekerle

Fort Lauderdale, FL, USA

$16,500,000

$1,792/SF

Building Size

9,205 SF

Asset Type

Single Family

Closing

Jun 28, 2021

AI

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:

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

Ruchel Coetzee

Douglas Elliman

Broker

$36M

vol

2 deals

Broker

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

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93