Boulevard Management Acquires Single Family Home On North Venetian Drive In Miami Beach
1101 North Venetian Drive, Miami Beach, FL, USA
$6,300,000
$1,246/SF
Building Size
5,055 SF
Asset Type
Single Family Residence
Closing
May 6, 2021
AI
The single-family property located at 1101 North Venetian Drive in Miami Beach has been sold. The property spans 5,055 square feet and was sold for a price of $6,300,000, resulting in a price per square foot of $1,246.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $6,300,000
- Address: 1101 North Venetian Drive, Miami Beach
- Market: Miami Beach
- Buyer: Boulevard Management
- Seller: Orhan Kilic - Kilic Holding
- Buyer's Representative: Susy Dunand - One Sotheby’s International Realty
- Seller's Representative: Gokhan Derin - Derin Realty
Boulevard Management was represented by Susy Dunand from One Sotheby’s International Realty, while Orhan Kilic, the seller, was represented by Gokhan Derin from Derin Realty.
Players
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93