facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

1353 Bay Terrace, North Bay...

Wendy Sanchez - Charles Rutenberg Acquires Single Family Home In North Bay Village For $6.7M
SOLDSingle Family Residence

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

Wendy Sanchez

Charles Rutenberg Realty

Broker

$55.1M

vol

13 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

North Bay Village Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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