Updated Jun 19, 2026
Molly Korson Purchases Townhouse In Miami From James P. Rydborn For $1.775M
3407 Day Avenue
$1,775,000
$703/SF
Building Size
2,522 SF
Asset Type
MultiFamily
Closing
Jun 15, 2026
About this deal
AI
The asset involved in this transaction is a townhouse located at 3407 Day Avenue in Miami. The property sold for $1,775,000, encompassing one unit with a total square footage of 2,522, resulting in a price per square foot of $703.
Summary of transaction details:
- Property Type: Townhouse
- Transaction Amount: $1,775,000
- Units: 1
- SF: 2,522
- PPSF: $703
- Buyer: Molly Korson
- Seller: James P. Rydborn
- Buyer's Representative: Guillermo Freixas & Jose Daniel Freixas - Serhant
- Seller's Representative: Maya Vander - Compass
This transaction features key individuals such as the buyer Molly Korson and seller James P. Rydborn, both of whom were represented by their respective brokers in the deal. The buyer's representation was handled by Guillermo Freixas and Jose Daniel Freixas from Serhant, while the seller was represented by Maya Vander from Compass.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $703 per square foot on a published $1.8M for 2,522 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93