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2940 Flamingo Dr

ONE Sotheby's International Realty Represents Buyers In $4M Miami Beach SFR Sale
SOLD

ONE Sotheby's International Realty Represents Buyers In $4M Miami Beach SFR Sale

2940 Flamingo Dr

Building Size

Asset Type

Closing

Jul 8, 2022

AI

A single-family home located at 2940 Flamingo Dr in Miami Beach has been sold for $4,000,000. With a total square footage of 3,498, the price per square foot for this property is $1,144. The transaction took place on 07/08/2022. The property is situated in a desirable location in Miami Beach.

Summary of transation details

  • Property Type: Single-Family Home
  • Transaction Amount: $4,000,000
  • Square Footage: 3,498
  • Price Per Square Foot: $1,144
  • Address: 2940 Flamingo Dr, Miami Beach
  • Seller: David Ross & Jeffrey Hecht
  • Buyer's Representative: Isaac Kessler & Sam Kafin - ONE Sotheby's International Realty
  • Seller's Representative: Mendel Fellig & Babba Yesharim
  • Market: Miami Beach

The buyer's representative in the deal was Isaac Kessler and Sam Kafin from ONE Sotheby's International Realty. They played a crucial role in representing the buyer's interests. On the other hand, Mendel Fellig and Babba Yesharim acted as the seller's representatives in this transaction, ensuring a smooth process for David Ross and Jeffrey Hecht.

Players

Jeffrey Hecht

Seller

$4M

vol

2 deals

Seller

Miami Beach 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