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1101 North Venetian Drive, ...

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

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

Arlene Susy Dunand

Coldwell Banker

Broker

$70.1M

vol

4 deals

Broker

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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