Wendy Sanchez - Charles Rutenberg Acquires Single Family Home In North Bay Village For $6.7M
1353 Bay Terrace, North Bay Village, Florida 33141, United States
$6,700,000
$2,093/SF
Building Size
3,200 SF
Asset Type
Single Family Residence
Closing
Mar 30, 2022
AI
A single-family home located at 1353 Bay Terrace in North Bay Village has been sold for a record-breaking price of $6,700,000. This transaction marks the highest sale ever recorded in North Bay Island. The property spans 3,200 square feet and was purchased in an all-cash deal.
Summary of transaction details
- Property Type: Single Family Home
- Transaction Amount: $6,700,000
- Address: 1353 Bay Terrace
- Market: North Bay Village
The buyer's representative in this deal was Wendy Sanchez from Charles Rutenberg, while the seller's representatives were Zalmy Shapiro and Joel Lusky from Shapiro Lusky Group. No additional details regarding the individuals or companies involved in the transaction were provided.
Players
North Bay Village 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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93