Kevin Brill Acquires SFR In Normandy Island, Miami Beach For $7M
1101 S Shore Dr Miami Beach, FL 33141, USA
$7,000,000
$1,965/SF
Building Size
3,561 SF
Asset Type
Single Family Residence
Closing
Jun 13, 2023
AI
A single-family residential property located at 1101 South Shore Drive in Miami Beach has been sold for $7,000,000. The property spans 3,561 square feet, resulting in a price per square foot of approximately $1,966. The buyer of the property is Kevin Brill.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,000,000
- Address: 1101 South Shore Drive
- Market: Miami Beach
In addition, it is worth noting that Kevin Brill has made another acquisition in Normandy Island, Miami Beach, further expanding his family's portfolio. Normandy Island is an up-and-coming area in Miami Beach, known for its exceptional views and luxurious lifestyle. Kevin Brill, who is a broker with KMB Broker, Inc, can be contacted directly at 786-356-9166 for more information.
Furthermore, Kevin Brill has also purchased the adjacent property, resulting in a total land area of 28,000 square feet for both houses. This new acquisition offers direct open bay views and over 150 feet of water frontage.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93