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The Farbstein Team Acquires Condo On Biscayne Blvd In North Miami Beach For $1.44M

Property Image
SOLD
$1,440,000
Ryan Farbstein
Max Farbstein

Florida

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Co-Op1,836 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

The Farbstein Team Acquires Condo On Biscayne Blvd In North Miami Beach For $1.44M

17111 Biscayne Blvd #1511

See Similar Deals
Co-Op1,836 SF
Sold
Ryan Farbstein
Max Farbstein
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Co-Op
Price Per Square Foot:$784
Total Square Footage:1836 SF
Transaction Type:Sale

The recently closed property transaction at 17111 Biscayne Blvd in North Miami Beach involved the sale of a condo. The property, spanning 1,836 square feet, was sold for a total price of $1,440,000, resulting in a price per square foot of $784.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,440,000
  • Square Footage: 1,836
  • Address: 17111 Biscayne Blvd, North Miami Beach

Ryan Farbstein and Max Farbstein from The Farbstein Team at Douglas Elliman represented the buyer in this transaction. They facilitated the purchase on behalf of their client, ensuring a smooth and successful deal.

Players

Max Farbstein
Official
Max Farbstein
13 deals$92.8M volume(201) 572-2768
BROKER
Ryan Farbstein
Official
Ryan Farbstein
13 deals$92.8M volume(201) 572-2770
BROKER

Details

SOLD
IMAGE: Max Farbstein & Ryan Farbstein DATE: 12/15/2022 ADDRESS: 17111 Biscayne Blvd MARKET: North Miami Beach ASSET TYPE: Condo BUYER'S REP: Ryan Farbstein (@RyanFarb) & Max Farbstein (@Max_Farb) - The Farbstein Team (@TheFarbsteinTeam) - Douglas Elliman (@DouglasElliman) SALE PRICE: $1,440,000 SF: 1,836 ~ PPSF: $784

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

$76,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,116.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,826.33
Annual Debt Service$81,916.02