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:
- Property Type: Single Family
- Transaction Amount: $24,000,000
- Address: 11400 North Bayshore Drive
- Market: North Miami
- Square Footage: 8,652
- Price Per Square Foot: $2,773
- Seller: Darren Gerard
- Seller's Representative: Joel Lusky & Zalmy Shapiro - The Brokerage South Florida Real Estate
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
North Miami 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93