facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

1030 Stillwater Drive, Miam...

Updated Oct 28, 2024

John Kunkel's 50 Eggs Hospitality Group Acquires Miami Beach Single Family For $6.8M
SOLDSingle Family Residence

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

City National Bank of Florida
City National Bank of FloridaLender

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Deal FAQ

About $1.5K per square foot on a published $6.8M for 4,477 square feet (2022).

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

More Deals

Nearby Markets