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
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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93