Updated Oct 28, 2024
John Kunkel's 50 Eggs Hospitality Group Acquires Miami Beach Single Family For $6.8M
1030 Stillwater Drive, Miami Beach, Florida 33141, United States
$6,800,000
$1,518/SF
Building Size
4,477 SF
Asset Type
Single Family Residence
Closing
Sep 22, 2022
About this deal
AI
The single-family property located at 1030 Stillwater Drive in Miami Beach has been sold. The property, with a total square footage of 4,477, was purchased by John Kunkel, the CEO of 50 Eggs Hospitality Group. The transaction took place on September 23, 2022, and the sale price was $6,800,000, resulting in a price per square foot of $1,519. The seller of the property was David Albin and Silvana Rodrigues of Sharp Realty. The buyer was represented by their broker, John Kunkel, while the seller was represented by Sharp Realty.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $6,800,000
- Address: 1030 Stillwater Drive, Miami Beach
- Square Footage: 4,477
- Buyer: John Kunkel - 50 Eggs Hospitality Group
- Seller: David Albin; Silvana Rodrigues - Sharp Realty
- Lender: City National Bank of Florida
- Price per Square Foot: $1,519
John Kunkel, the buyer, is the CEO of 50 Eggs Hospitality Group, which operates multiple restaurants and food service businesses. The seller, David Albin and Silvana Rodrigues, were represented by their broker from Sharp Realty. The transaction was financed by City National Bank of Florida.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93