Belgin Egeli Acquires Biscayne Park SFR For $1.89M With Seller's Rep Frank H Navarro
SOLD
$1,890,000
Florida
See Similar DealsSingle Family Residence3,289 SF
Sold 05/05/2022
SOLD
Belgin Egeli Acquires Biscayne Park SFR For $1.89M With Seller's Rep Frank H Navarro
1019 Northeast 115th Street, Biscayne Park, Florida 33161, United States
See Similar DealsSingle Family Residence3,289 SF
Sold 05/05/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$574
Total Square Footage:3,289 SF
Transaction Type:Sale
A single-family home located at 1019 NE 115th St in Biscayne Park has been sold for $1,890,000. The property spans approximately 3,289 square feet, resulting in a price per square foot of $575. The transaction took place on May 5, 2022, and the sale was facilitated by Frank H Navarro from Douglas Elliman, representing the seller, John Childress. On the buyer's side, Belgin Egeli acquired the property, with representation provided by Erman Adanir and Stefano Santoro from Disruptive Real Estate.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $1,890,000
- Address: 1019 NE 115th St
- Market: Biscayne Park
- Asset Type: SFR
The transaction involved several key individuals and companies. John Childress acted as the seller, represented by Frank H Navarro from Douglas Elliman. Belgin Egeli, the buyer in the deal, was assisted by the team of Erman Adanir and Stefano Santoro from Disruptive Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$100,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,714.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,959.56
Annual Debt Service$107,514.77
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