Ben Moss Acquires SFR In Miami Beach For $2.75M
1210 Lenox Avenue, Miami Beach, FL, USA
$2,750,000
$785/SF
Building Size
3,500 SF
Asset Type
Single Family Residence
Closing
May 26, 2020
AI
Located at 1210 Lenox Avenue in Miami Beach, this single-family residential property was recently sold in a closed transaction. The property features a total area of 3,500 square feet and sits on a 7,500 square foot lot. The sale took place on 05/26/2021, with an asking price of $3,000,000. Ultimately, the property was sold for $2,750,000, resulting in a price per square foot of $786.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,750,000
- Market: Miami Beach
In this transaction, Ben Moss represented the buyer, while Pietro Belmonte and Annie de la Rosa served as the seller's representatives. The deal was successfully closed under their guidance and expertise.
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93