Salam Hachem & Yousseff H Hachem Acquire Other Vacant Property In Miami Beach, FL For $2.75M
1211 Stillwater Drive, Miami Beach, Florida 33141, United States
$2,750,000
$37/SF
Building Size
74,052 SF
Asset Type
Other
Closing
Feb 6, 2022
About this deal
AI
1211 Stillwater Dr in Miami Beach, FL has been sold for $2,750,000. This vacant property was part of a recent transaction completed on 02/07/2022. The buyers, Salam Hachem and Yousseff H Hachem, acquired the property from the sellers, Sergio Kostek and Eliane A Toralba Kostek.
Summary of transaction details
- Property Type: Other Vacant
- Transaction Amount: $2,750,000
- Address: 1211 Stillwater Dr, Miami Beach, FL
- Market: Miami Beach, FL
The property at 1211 Stillwater Dr was successfully sold, and the buyers, Salam Hachem and Yousseff H Hachem, have assumed ownership. The sellers, Sergio Kostek and Eliane A Toralba Kostek, facilitated the transaction.
Players
Miami Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93