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:
- 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
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