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1351 98th Street, Bay Harbo...

Barry Perlstein Acquires Bay Harbor Islands Single Family Property For $2.97M
SOLDSingle Family Residence

Barry Perlstein Acquires Bay Harbor Islands Single Family Property For $2.97M

1351 98th Street, Bay Harbor Islands, FL, USA

$2,970,000

$920/SF

Building Size

3,228 SF

Asset Type

Single Family Residence

Closing

Mar 14, 2021

AI

A single family home located at 1351 98th Street in Bay Harbor Islands was recently sold in a closed transaction. The property, with a total square footage of 3,228, was sold for a price of $2,970,000, resulting in a price per square foot of $920. The sale took place on March 15, 2021. Mushka Jacobson captured an image of the property which can be viewed here.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $2,970,000
  • Address: 1351 98th Street, Bay Harbor Islands
  • Market: Bay Harbor Islands

The buyer of the property is Barry Perlstein. The seller, on the other hand, is Yoram Yizhak. Mushka Jacobson of @mushkajacobson represented the buyer in this transaction. The seller was represented by Belinda Sime.

Players

Belinda Sime

Broker

$27.1M

vol

3 deals

Broker

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

5.34%

Cash-on-Cash

-1.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93