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870 N Shore Dr

Compass Florida And ONE Sotheby's International Realty Facilitate $2.4M Sale Of 3,129 SF SFR On N Shore Dr, Miami Beach
SOLD

Compass Florida And ONE Sotheby's International Realty Facilitate $2.4M Sale Of 3,129 SF SFR On N Shore Dr, Miami Beach

870 N Shore Dr

$2,449,000

Building Size

Asset Type

Closing

Aug 18, 2022

AI

Located at 870 N Shore Dr in Miami Beach, this single-family home (SFR) has been sold in a closed transaction. The property spans across 3,129 square feet, offering ample space for comfortable living. The sale price for this property was $2,449,000, resulting in a price per square foot of $783.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $2,449,000
  • Property Size: 3,129 square feet
  • Price per Square Foot: $783
  • Address: 870 N Shore Dr, Miami Beach

Nancy Batchelor and Juan Salas from Compass Florida, along with Camila Paiva from ONE Sotheby's International Realty, were the brokers involved in this transaction. They represented the seller, Vincent Scorza, throughout the deal.

Players

Vincent Scorza

Seller

$4.9M

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

6.48%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93