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Ana Perdomo Sells Miami Beach Package Deal To Tim Hill For $1.67M With InterConnect Realty's Michael Maakar

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SOLD
$1,670,000

Florida

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5,304 SF
Sold 02/28/2022
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Property Image
SOLD

Ana Perdomo Sells Miami Beach Package Deal To Tim Hill For $1.67M With InterConnect Realty's Michael Maakar

8125 Crespi Boulevard, Miami Beach, Florida 33141, United States

See Similar Deals
5,304 SF
Sold 02/28/2022
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Summary

FLORIDA
Price Per Square Foot:$314
Total Square Footage:5,304 SF
Transaction Type:Sale

The property involved in this closed transaction is a package deal located at 8125 Crespi Blvd in Miami Beach. The property consists of 5,304 square feet and was sold for a price of $1,670,000, resulting in a price per square foot of $315.

Summary of Transaction Details

  • Property Type: Package Deal
  • Transaction Amount: $1,670,000
  • Buyer: Tim Hill
  • Seller: Ana Perdomo
  • Broker: Michael Maakar - InterConnect Realty

The buyer in this transaction is Tim Hill, while the seller is Ana Perdomo. The broker representing both parties in this deal is Michael Maakar from InterConnect Realty.

Players

4 deals$10.6M volume
BROKER

Details

SOLD
IMAGE: Michael Maakar DATE: 02/28/2022 ADDRESS: 8125 Crespi Blvd MARKET: Miami Beach ASSET TYPE: Package Deal BUYER: Tim Hill SELLER: Ana Perdomo BROKER: Michael Maakar (@RealEstateNet) - InterConnect Realty SALE PRICE: $1,670,000 SF: 5,304 ~ PPSF: $315

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$89,066.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,933.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,916.65
Annual Debt Service$94,999.82