Timothy Derstein Acquires Sunny Isles Beach Condo From Tanya Tsveyer For $1.275M
SOLD
Florida
See Similar Deals2,370 SF
Sold 07/22/2022
SOLD
Timothy Derstein Acquires Sunny Isles Beach Condo From Tanya Tsveyer For $1.275M
377 Poinciana Drive, Sunny Isles Beach, Florida 33160, United States
See Similar Deals2,370 SF
Sold 07/22/2022
Summary
FLORIDA
Price Per Square Foot:$538
Total Square Footage:2,370 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81
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