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1350 99th Street

Mark Simon Acquires Bay Harbor Islands SFR For $5.25M
SOLDSingle Family Residence

Mark Simon Acquires Bay Harbor Islands SFR For $5.25M

1350 99th Street

$5,250,000

$954/SF

Building Size

5,500 SF

Asset Type

Single Family Residence

Closing

Apr 21, 2023

AI

A single-family residential property located at 1350 99th Street in Bay Harbor Islands has been sold for a price of $5,250,000. The property spans approximately 5,500 square feet, resulting in a price per square foot of $955.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $5,250,000
  • Address: 1350 99th Street
  • Market: Bay Harbor Islands

The buyer of the property is Mark Simon. The transaction was facilitated by Joel Lusky and Zalmy Shapiro of The Brokerage.

Players

Zalmy Shapiro

The Brokerage South Florida Real Estate

Broker

$288.3M

vol

33 deals

Broker

Mark Simon

Buyer

$109.7M

vol

7 deals

Buyer

Market 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

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93