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1040 South Shore Drive, Mia...

Kiet Law Acquires SFR In Miami Beach For $4.2M
SOLDSingle Family Residence

Kiet Law Acquires SFR In Miami Beach For $4.2M

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

$4,200,000

$743/SF

Building Size

5,647 SF

Asset Type

Single Family Residence

Closing

May 30, 2022

AI

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

Broker

$1.1B

vol

46 deals

Broker

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93