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Boulevard Management Acquires Single Family Home On North Venetian Drive In Miami Beach

Property Image
SOLD
$6,300,000
Gokhan Derin
Arlene Susy Dunand

Florida

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Single Family Residence5,055 SF
Sold
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Property Image
SOLD

Boulevard Management Acquires Single Family Home On North Venetian Drive In Miami Beach

1101 North Venetian Drive, Miami Beach, FL, USA

See Similar Deals
Single Family Residence5,055 SF
Sold
Gokhan Derin
Arlene Susy Dunand
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,246
Total Square Footage:5,055 SF
Transaction Type:Sale

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

Arlene Susy Dunand
Coldwell Banker
Arlene Susy Dunand
4 deals$70.1M volume
BROKER
Gokhan Derin
Gokhan Derin
1 deal$6.3M volume
BROKER

Details

SOLD
IMAGE: Gokhan Derin, Orhan Kilic & Susy Dunand DATE: 05/07/2021 ADDRESS: 1101 North Venetian Drive MARKET: Miami Beach ASSET TYPE: Single Family BUYER: Boulevard Management SELLER: Orhan Kilic - Kilic Holding BUYER'S REP: Susy Dunand - One Sotheby’s International Realty SELLER'S REP: Gokhan Derin - Derin Realty SALE PRICE: $6,300,000 SF: 5,055 ~ PPSF: $1,246

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

$336,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57