ONE Sotheby's International Realty Represents Buyers In $4M Miami Beach SFR Sale
2940 Flamingo Dr
Building Size
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Asset Type
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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
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