Matthew Skamser Purchases Palmetto Bay SFR For $2.6M With Kristopher C Rodriguez - Fordome Investment Group
8235 SW 184th St, Cutler Bay, FL 33157, USA
$2,600,000
$597/SF
Building Size
4,350 SF
Asset Type
Co-Op
Closing
Oct 24, 2022
About this deal
AI
The property involved in this transaction is a custom-built home located at 8235 SW 184th St in Palmetto Bay, FL. It was sold for a price of $2,600,000. The home has a total square footage of 4,350, resulting in a price per square foot of $598.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,600,000
- Address: 8235 SW 184th St, Palmetto Bay, FL
- Market: Palmetto Bay, FL
Kristopher C Rodriguez from Fordome Investment Group represented both the buyer, Matthew Skamser, and the seller, Alex Alonso, in this transaction. The buyer and seller were able to secure the deal with the assistance of Kristopher C Rodriguez, who successfully found a buyer for the property 6 months before its construction was completed. This particular sale sets a record for one of the highest price per square footage ever achieved on a dry lot in Palmetto Bay. Congratulations to both the buyer and seller on this successful transaction!
Players
Miami Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $597 per square foot on a published $2.6M for 4,350 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93