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11400 North Bayshore Drive

Darren Gerard Sells North Miami Single Family Home For $24 Million With Joel Lusky & Zalmy Shapiro
SOLDSingle Family Residence

Darren Gerard Sells North Miami Single Family Home For $24 Million With Joel Lusky & Zalmy Shapiro

11400 North Bayshore Drive

$24,000,000

$2,773/SF

Building Size

8,652 SF

Asset Type

Single Family Residence

Closing

Jul 16, 2026

AI

The asset involved in this transaction is a single-family home located at 11400 North Bayshore Drive in North Miami. The property encompasses a total square footage of 8,652 and has been sold for a price of $24,000,000, which translates to a price per square foot of $2,773.

Summary of transaction details:

In this transaction, the seller, Darren Gerard, was represented by Joel Lusky and Zalmy Shapiro from The Brokerage South Florida Real Estate, facilitating the sale process. Their involvement was crucial in managing the listing and securing the sale of the property.

Players

Zalmy Shapiro

The Brokerage South Florida Real Estate

Broker

$297.2M

vol

34 deals

Broker
The Brokerage South Florida Real Estate
The Brokerage South Florida Real EstateSeller

North Miami 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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93