Douglas Elliman Acquires SFR In Broward County, Fort Lauderdale For $9.7M
52 Royal Palm Dr
Building Size
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Asset Type
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Closing
Aug 26, 2022
About this deal
AI
The property at 52 Royal Palm Dr in Broward County, Fort Lauderdale has been sold. The sales transaction was facilitated by the Farbstein Team from Douglas Elliman. The property is a Single Family Residential (SFR) home with a total area of 6,682 square feet. The selling price for this transaction was $9,700,000, resulting in a price per square foot of $1,452.
Summary of transaction details
- Property Type: Single Family Residential (SFR)
- Transaction Amount: $9,700,000
- Address: 52 Royal Palm Dr, Broward County, Fort Lauderdale
- Market: Broward County, Fort Lauderdale
- Buyer's Representative: Ryan Farbstein & Max Farbstein - The Farbstein Team - Douglas Elliman
The Farbstein Team from Douglas Elliman represented the buyer and seller in this transaction. This deal showcases their expertise in the real estate market of Broward County, Fort Lauderdale. The successful completion of this sale is a testament to the Farbstein Team's dedication to their clients and their deep understanding of the local market.
Players
Brampton CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93