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1205 N Biscayne Point Rd, M...

Updated Oct 29, 2024

Barry Portnoy & Amy Borman Acquire SFR In Miami Beach For $2.31M
SOLDSingle Family Residence

Barry Portnoy & Amy Borman Acquire SFR In Miami Beach For $2.31M

1205 N Biscayne Point Rd, Miami Beach, FL, USA

$2,310,000

$205/SF

Building Size

11,250 SF

Asset Type

Single Family Residence

Closing

Dec 9, 2020

About this deal

AI

The single-family residential property located at 1205 N Biscayne Point Rd in Miami Beach has been sold in a recent transaction. The property, with a size of 11,250 square feet, was sold for a price of $2,310,000. The sale took place on December 10, 2020.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $2,310,000
  • Address: 1205 N Biscayne Point Rd, Miami Beach
  • Market: Miami Beach

The seller of the property was Properties at hand LLC, while the buyers were Barry Portnoy and Amy Borman. The sale was facilitated by Markel Berto and Chad Carroll, who represented the seller. The property was listed with an asking price of $2,450,000, and it was sold for a slightly lower price of $2,310,000.

It is worth noting that the property attracted significant interest and received an offer within just 30 days of being listed, leading to it being placed under contract.

This transaction adds to the already impressive track record of The Carroll Group, who have achieved over $2 billion in overall sales.

Players

Markel Berto

Avanti Way

Broker

$7.3M

vol

2 deals

Broker
Compass
CompassBrokerage

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $205 per square foot on a published $2.3M for 11,250 square feet (2020).

Visit Markel Berto to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.87%

Cash-on-Cash

-1.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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