Richard & Laurie Stark Of Chrome Hearts Acquire Sunny Isles Beach Condo From Beach Club Acquisition LLC
SOLD
Florida
See Similar Deals3,130 SF
Sold 05/05/2021
SOLD
Richard & Laurie Stark Of Chrome Hearts Acquire Sunny Isles Beach Condo From Beach Club Acquisition LLC
Sunny Isles Beach, FL, USA
See Similar Deals3,130 SF
Sold 05/05/2021
Summary
FLORIDA
Price Per Square Foot:$2,076
Total Square Footage:3,130 SF
Transaction Type:Sale
Located in Sunny Isles Beach, this recently sold condo is an impressive property. The transaction took place on May 5, 2021, with a sale price of $6,500,000. The condo spans approximately 3,130 square feet, resulting in a price per square foot of $2,077. The buyer, Richard and Laurie Stark of Chrome Hearts, acquired the property from the seller, Beach Club Acquisition LLC.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,500,000
- Market: Sunny Isles Beach
- Square Footage: 3,130
- Price per Square Foot: $2,077
Facilitating the deal was broker Melissa Barragan from Dezer Platinum Realty LLC, representing Richard and Laurie Stark. Melissa Barragan played a crucial role in ensuring a successful transaction between the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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