Jerry Wolasky Acquires SFR At 1360 98th St, Bay Harbor Islands For $5.5M
SOLD
Florida
See Similar DealsSingle Family Residence4,242 SF
Sold 05/16/2022
SOLD
Jerry Wolasky Acquires SFR At 1360 98th St, Bay Harbor Islands For $5.5M
1360 98th Street, Bay Harbor Islands, Florida 33154, United States
See Similar DealsSingle Family Residence4,242 SF
Sold 05/16/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,296
Total Square Footage:4,242 SF
Transaction Type:Sale
A single-family residence located at 1360 98th St in Bay Harbor Islands has been sold in a recent transaction. The property spans 4,242 square feet and was sold for a total price of $5,500,000. This calculates to a price per square foot of $1,297.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,500,000
- Date: 05/16/2022
- Address: 1360 98th St, Bay Harbor Islands
- Market: Bay Harbor Islands
- Buyer: Jerry Wolasky
- Seller: Yaakov Pollak
- Zalmy Shapiro & Joel Lusky from The Brokerage and Allen Davoudpour from Compass represented the buyer and seller in this deal.
Notable individuals involved in this transaction include Zalmy Shapiro, Joel Lusky, and Allen Davoudpour. They played a role as brokers, representing the buyer and seller respectively.
Players
BROKERAGE
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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