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1101 S Shore Dr Miami Beach...

Kevin Brill Acquires SFR In Normandy Island, Miami Beach For $7M
SOLDSingle Family Residence

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

Kevin Brill

Buyer

$12.5M

vol

2 deals

Buyer

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