Timothy Derstein Acquires Sunny Isles Beach Condo From Tanya Tsveyer For $1.275M
377 Poinciana Drive, Sunny Isles Beach, Florida 33160, United States
$1,275,000
$538/SF
Building Size
2,370 SF
Asset Type
—
Closing
Jul 21, 2022
About this deal
AI
The property involved in this transaction is a condo located at 377 Poinciana Island Dr in Sunny Isles Beach. It was sold on 07/22/2022 for a price of $1,275,000. The condo has a total square footage of 2,370, resulting in a price per square foot of $538.
Summary of transaction details
- Property Type: Condo
- Sale Price: $1,275,000
- Square Footage: 2,370
- Price per Square Foot: $538
- Address: 377 Poinciana Island Dr, Sunny Isles Beach
- Market: Sunny Isles Beach
The buyer of the condo is Timothy Derstein, while the seller is Tanya Tsveyer. The broker who facilitated the transaction is Eric Smith from FIP Commercial Realty.
Players
North Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $538 per square foot on a published $1.3M for 2,370 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93