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Kiet Law Acquires SFR In Miami Beach For $4.2M

Property Image
SOLD
$4,200,000
Mariana Garber
Fabio Lopes
Felise Eber
+ 1

Florida

See Similar Deals
Single Family Residence5,647 SF
Sold 05/31/2022
the dealplayerscompscontact
Property Image
SOLD

Kiet Law Acquires SFR In Miami Beach For $4.2M

1040 South Shore Drive, Miami Beach, Florida 33141, United States

See Similar Deals
Single Family Residence5,647 SF
Sold 05/31/2022
Mariana Garber
Fabio Lopes
Felise Eber
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$743
Total Square Footage:5,647 SF
Transaction Type:Sale

The recently closed property transaction in Miami Beach involved a single-family residence located at 1040 S Shore Dr. The property spans across 5,647 square feet and was sold for a sale price of $4,200,000, resulting in a price per square foot of $744. The transaction took place on May 31, 2022.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $4,200,000
  • Market: Miami Beach

The buyer in this transaction was Kiet Law, while Donald Barron acted as the seller. The deal was facilitated by a team of brokers including Felise Eber, Jill Eber, Mariana Garber, and Fabio Lopes from Jills Zeder Group - Coldwell Banker Realty.

Players

Jill Eber
Coldwell Banker
Jill Eber
45 deals$1.1B volume
BROKER
Felise Eber
Coldwell Banker
Felise Eber
9 deals$85.6M volume
BROKER
Fabio Lopes
Coldwell Banker
Fabio Lopes
6 deals$26.4M volume
BROKER
Mariana Garber
Coldwell Banker
Mariana Garber
14 deals$67.8M volume(786) 280-2770
BROKER

Details

SOLD
IMAGE: Fabio Lopes, Mariana Garber, Jill Eber & Felise Eber DATE: 05/31/2022 ADDRESS: 1040 S Shore Dr MARKET: Miami Beach ASSET TYPE: SFR BUYER: Kiet Law SELLER: Donald Barron BROKERS: Felise Eber (@Felise_Eber), Jill Eber (@JillEber), Mariana Garber (@Mariana_Miami_RealEstate) & Fabio Lopes (@FabioLopes) - Jills Zeder Group (@JillsZederBeach) - Coldwell Banker Realty (@ColdWellBanker) ASKING PRICE: $4,480,000 SALE PRICE: $4,200,000 SF: 5,647 ~ PPSF: $744

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71