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

Property Image
SOLD
$2,449,000

Florida

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Sold 08/18/2022
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Property Image
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

See Similar Deals
Sold 08/18/2022
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Transaction Type:Sale

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

VS
Vincent Scorza
2 deals$4.9M volume
SELLER

Details

SOLD
IMAGE: Nancy Batchelor, Juan Salas & Camila Paiva DATE: 08/18/2022 ADDRESS: 870 N Shore Dr MARKET: Miami Beach ASSET TYPE: SFR SELLER: Vincent Scorza BROKERS: Nancy Batchelor (@NancyBatchelorTeam) & Juan Salas (@JuanMiamiRealtor) - Compass Florida; Camila Paiva (@CamilaPaiva.Realtor) - ONE Sotheby's International Realty SALE PRICE: $2,449,000 SF: 3,129 ~ PPSF: $783

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

$130,613.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,700.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,609.51
Annual Debt Service$139,314.11