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3471 Sheridan Avenue

Evan Weiss Sells Miami Beach SFR For $4.9M With Buyer's Rep Matt Crane & Seller's Rep David Hunt Solomon & Jacqueline Oliva
SOLDCo-Op

Evan Weiss Sells Miami Beach SFR For $4.9M With Buyer's Rep Matt Crane & Seller's Rep David Hunt Solomon & Jacqueline Oliva

3471 Sheridan Avenue

$4,900,000

$1,358/SF

Building Size

3,607 SF

Asset Type

Co-Op

Closing

Jan 6, 2023

AI

An SFR located at 3471 Sheridan Avenue in Miami Beach was recently sold for $4,900,000. The property spans across 3,607 square feet and was sold at a rate of $1,358 per square foot.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $4,900,000
  • Address: 3471 Sheridan Avenue
  • Market: Miami Beach
  • Square Footage: 3,607

The seller of the property was Evan Weiss. Representing the buyer was Matt Crane from Compass, while David Hunt Solomon and Jacqueline Oliva from Berkshire Hathaway HomeServices represented the seller, Evan Weiss.

Players

David Hunt Solomon

Coldwell Banker

Broker

$186.9M

vol

29 deals

Broker

Evan Weiss

Seller

$20.1M

vol

5 deals

Seller

Miami Beach Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.24%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93