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111 East 1st Court

Sivan Erten Of Erten Realty Group Represents Sale Of Single Family Home In Miami Beach For $3.35M
SOLDSingle Family Residence

Sivan Erten Of Erten Realty Group Represents Sale Of Single Family Home In Miami Beach For $3.35M

111 East 1st Court

$3,350,000

$1,491/SF

Building Size

2,246 SF

Asset Type

Single Family Residence

Closing

Jul 11, 2024

AI

The property asset involved in this transaction is a single-family home located at 111 E 1st Ct, Hibiscus Island, Miami Beach, FL. The property was listed with an asking price of $3,450,000 and ultimately sold for $3,350,000. It encompasses a total area of 2,246 square feet, which translates to a price per square foot of $1,492.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $3,350,000
  • Address: 111 E 1st Ct Hibiscus Island
  • Market: Miami Beach, FL
  • Broker: Sivan Erten - Erten Realty Group
  • Asking Price: $3,450,000
  • Square Footage: 2,246
  • Price Per Square Foot: $1,492

This transaction was facilitated by Sivan Erten, representing the seller through Erten Realty Group. The transaction involved negotiations resulting in the final sale price being set lower than the initial asking price.

Players

Sivan Erten

Erten Realty Group

Broker

$22.7M

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

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93