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8220 Southwest 48th Street

Eric Kastner Leases SFR To University Of Miami Students In Olympia Heights For $8,500/Month
LEASEDSingle Family Residence

Eric Kastner Leases SFR To University Of Miami Students In Olympia Heights For $8,500/Month

8220 Southwest 48th Street

$8,500

$8,500/SF

Building Size

5,000 SF

Asset Type

Single Family Residence

Closing

Mar 31, 2026

AI

The asset involved in the transaction is a single-family residence located at 8220 Southwest 48th Street in Olympia Heights. The property features a lease asking rent of $8,500 per month and offers a spacious area of 5,000 square feet. The lease type is Full Service Gross, with a term of one year.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $8,500/Month
  • Lease Term: 1 Year
  • Landlord: Eric Kastner
  • Tenant: University of Miami Students
  • Landlord's Representative: Yaakov Egre & Mendel Kletsman - Chabad Organization
  • Tenant's Representative: Jared Deutsch & David Smith - Deutsch Estates; David Smith

Yaakov Egre and Mendel Kletsman represent the landlord, while Jared Deutsch and David Smith represent the tenant in the transaction. The Deutsch Estates team successfully closed the lease, catering specifically to University of Miami Students, enhancing their college experience just outside Coral Gables.

Players

David Smith

Broker

$27M

vol

5 deals

Broker

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1866.24%

Cash-on-Cash

-533.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93