Stuart Schwadron & Stacey Ciulla Schwadron Acquire Bay Harbor Islands SFR For $4.8M
1270 98th Street, Bay Harbor Islands, Florida
$4,800,000
$888/SF
Building Size
5,400 SF
Asset Type
Single Family Residence
Closing
Mar 31, 2022
AI
Located in Bay Harbor Islands, this single-family home at 1270 98th St has been sold in a recent transaction. The property spans approximately 5,400 square feet, offering ample space for its new owners. The sale price for this SFR property was $4,800,000, resulting in a price per square foot of $889.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $4,800,000
- Date: 03/31/2022
- Address: 1270 98th St
- Market: Bay Harbor Islands
- Buyer: Stuart Schwadron & Stacey Ciulla Schwadron
- Seller: Anita Bigelman
- Buyer's Representative: Brett Harris - Douglas Elliman Real Estate
- Seller's Representative: Lydia Eskenazi, PA - One Sotheby's International Realty
The transaction was facilitated by Brett Harris from Douglas Elliman Real Estate, representing the buyer, Stuart Schwadron & Stacey Ciulla Schwadron. On the other side, Lydia Eskenazi, PA from One Sotheby's International Realty served as the seller's representative, assisting Anita Bigelman in the sale.
Players
Bay Harbor Islands 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93