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Katrina Campins Acquires SFR In Miami Beach For $6.4M

Property Image
SOLD
$6,400,000

Florida

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Other4,618 SF
Sold 04/21/2022
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Property Image
SOLD

Katrina Campins Acquires SFR In Miami Beach For $6.4M

112 West Palm Midway Street, Miami Beach, Florida 33139, United States

See Similar Deals
Other4,618 SF
Sold 04/21/2022
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$1,385
Total Square Footage:4,618 SF
Transaction Type:Sale

A single-family residence located at 112 West Palm Midway in Miami Beach has been sold. The property was sold on 04/21/2022 for a sale price of $6,400,000. The property spans 4,434 square feet, resulting in a price per square foot of $1,443. The transaction was facilitated by David Pullman of Sotheby's International Realty as the seller's representative and Katrina Campins of The Campins Company as the buyer's representative.

Summary of transaction details

  • Property Type: SFR (Single-Family Residence)
  • Date: 04/21/2022
  • Address: 112 West Palm Midway, Miami Beach
  • Market: Miami Beach
  • Asking Price: $6,800,000
  • Sale Price: $6,400,000
  • Square Footage: 4,434
  • Price per Square Foot: $1,443

The seller's representative in this transaction was David Pullman of Sotheby's International Realty, while the buyer's representative was Katrina Campins of The Campins Company. This deal showcases the collaboration between these reputable real estate professionals in successfully closing the sale of this Miami Beach property.

Players

8 deals$64.6M volume
BROKER

Details

SOLD
IMAGE: David Pullman & Katrina Campins DATE: 04/21/2022 ADDRESS: 112 West Palm Midway MARKET: Miami Beach ASSET TYPE: SFR BUYER'S REP: Katrina Campins (@KatrinaCampins) - The Campins Company SELLER'S REP: David Pullman (@Dpullman) - Sotheby's International Realty (@SothebysRealty) ASKING PRICE: $6,800,000 SALE PRICE: $6,400,000 SF: 4434 ~ PPSF: $1,443

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

$341,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18