Updated Sep 9, 2024
Jon Kotler Acquires Single Family Home In Miami Beach For $2.05M With Seller's Rep Alexandre Burkhardt
1311 Bay Drive, Miami Beach, FL, USA
$2,050,000
$283/SF
Building Size
7,239 SF
Asset Type
Single Family Residence
Closing
Apr 5, 2021
About this deal
AI
In a recent transaction in Miami Beach, a single-family property located at 1311 Bay Drive was sold for a price of $2,050,000. The sale was facilitated by Jon Kotler of Keller Williams Elite Properties, representing the buyer, and Alexandre Burkhardt of Burkhardt Real Estate Group, representing the seller. The property is situated in a desirable location in Miami Beach.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $2,050,000
- Address: 1311 Bay Drive
- Market: Miami Beach
Jon Kotler, from Keller Williams Elite Properties, represented the buyer in this transaction. On the other side, Alexandre Burkhardt of Burkhardt Real Estate Group acted as the seller's representative. Their expertise played a crucial role in ensuring a successful deal for both parties involved.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $283 per square foot on a published $2.1M for 7,239 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93