Loni Farhi Acquires Miami Beach SFR From Rafael And Mercedes Arango For $8M
140 South Hibiscus Drive
$8,000,000
$761/SF
Building Size
10,500 SF
Asset Type
Single Family Residence
Closing
Aug 1, 2022
AI
The property involved in this transaction is a single-family residence located at 140 Hibiscus Dr, within the Miami Beach market. The sale price for the property was $8,000,000, with a total square footage of 10,500, resulting in a price per square foot of $762.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $8,000,000
- Address: 140 Hibiscus Dr
- Market: Miami Beach
- Square Footage: 10,500
- Price per Square Foot: $762
- Buyer: Loni Farhi
- Seller: Rafael Arango & Mercedes G. Arango
- Broker: Lissette Garcia - Leyva International Realty
The key individuals involved in this deal include buyer Loni Farhi and sellers Rafael Arango & Mercedes G. Arango. The transaction was facilitated by broker Lissette Garcia, who represented Leyva International Realty in the deal.
Rochester 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93