Julien & Joanna Castel Sell Bay Harbor Islands SFR For $5.5M With Broker Mushka Jacobson
SOLD
$5,500,000
Florida
See Similar DealsSingle Family Residence6,135 SF
Sold 10/06/2021
SOLD
Julien & Joanna Castel Sell Bay Harbor Islands SFR For $5.5M With Broker Mushka Jacobson
1261 99th Street, Bay Harbor Islands, FL, USA
See Similar DealsSingle Family Residence6,135 SF
Sold 10/06/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$896
Total Square Footage:6,135 SF
Transaction Type:Sale
A single-family home located at 1261 99th Street in Bay Harbor Islands recently sold for $5,500,000. The property, with a total square footage of 6,135, was listed for $5,600,000. The sale price equates to approximately $896 per square foot.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,500,000
- Address: 1261 99th Street
- Market: Bay Harbor Islands
- Seller: Julien & Joanna Castel
- Broker: Mushka Jacobson - Douglas Elliman
Mushka Jacobson from Douglas Elliman represented Julien & Joanna Castel in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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