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Loni Farhi Acquires Miami Beach SFR From Rafael And Mercedes Arango For $8M

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SOLD
$8,000,000

Florida

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Single Family Residence10,500 SF
Sold 08/01/2022
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Property Image
SOLD

Loni Farhi Acquires Miami Beach SFR From Rafael And Mercedes Arango For $8M

140 South Hibiscus Drive

See Similar Deals
Single Family Residence10,500 SF
Sold 08/01/2022
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$761
Total Square Footage:10,500 SF
Transaction Type:Sale

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.

Players

Lissette Garcia
8 deals$48.9M volume(305) 788-6847
BROKER

Details

SOLD
IMAGE: Lissette Garcia DATE: 08/01/2022 ADDRESS: 140 Hibiscus Dr MARKET: Miami Beach ASSET TYPE: SFR BUYER: Loni Farhi SELLER: Rafael Arango & Mercedes G. Arango BROKER: Lissette Garcia (@LissetteGarcia_) - Leyva International Realty SALE PRICE: $8,000,000 SF: 10,500 ~ PPSF: $762

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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