Robert B Balogh & Orli Teitelbaum Acquire Other Residential & Commercial Property In Miami, FL For $18.5M
5700 Southwest 72nd Street
$18,500,000
$530/SF
Building Size
34,901 SF
Asset Type
Other
Closing
Jun 26, 2022
About this deal
AI
The property asset involved in this transaction is located at 5700 Sunset Dr in Miami, FL. It is an Other Residential & Commercial property with a total square footage of 34,901. The sale was completed on June 27, 2022. The buyer, Robert B Balogh & Orli Teitelbaum, purchased the property from the seller, Patricia Myer, for a total price of $18,500,000. This translates to a price per square foot of $530.
Summary of transaction details
- Property Type: Other Residential & Commercial
- Transaction Amount: $18,500,000
- Address: 5700 Sunset Dr, Miami, FL
- Square Footage: 34,901
- Buyer: Robert B Balogh & Orli Teitelbaum
- Seller: Patricia Myer
- Price per Square Foot: $530
Robert B Balogh & Orli Teitelbaum represented themselves as buyers in this transaction. Patricia Myer, on the other hand, did not have a representative in the deal. The sale of this property represents a significant transaction in the Miami, FL market.
Players
South Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse South Miami other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93