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Paul Bensabat Acquires Biscayne Point SFR For $5.2M

Property Image
SOLD
$5,200,000
Joel Lusky

Florida

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Single Family Residence3,171 SF
Sold 04/11/2022
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Property Image
SOLD

Paul Bensabat Acquires Biscayne Point SFR For $5.2M

1411 North Biscayne Point Road, Miami Beach, Florida 33141, United States

See Similar Deals
Single Family Residence3,171 SF
Sold 04/11/2022
Joel Lusky
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,639
Total Square Footage:3,171 SF
Transaction Type:Sale

Located in Biscayne Point, the property at 1411 N Biscayne Point Drive recently underwent a sale transaction. The single-family home features a spacious interior with a total square footage of 3,171. The transaction took place on April 11, 2022.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $5,200,000
  • Market: Biscayne Point
  • Buyer: Paul Bensabat
  • Seller: Victor J. Vaccaro
  • Brokers: Joel Lusky & Zalmy Shapiro - SREG

Joel Lusky and Zalmy Shapiro from SREG facilitated the deal as the brokers involved. The transaction was completed at a price of $5,200,000, resulting in a price per square foot of $1,640. Both the buyer, Paul Bensabat, and the seller, Victor J. Vaccaro, successfully reached an agreement for the property.

Players

Zalmy Shapiro
33 deals$288.3M volume
BROKER

Joel Lusky
The Brokerage South Florida Real Estate
44 deals$422.7M volume
BROKER

Douglas Elliman
BROKERAGE


Details

SOLD
IMAGE: Joel Lusky & Zalmy Shapiro DATE: 04/11/2022 ADDRESS: 1411 N Biscayne Point Drive MARKET: Biscayne Point ASSET TYPE: SFR BUYER: Paul Bensabat SELLER: Victor J. Vaccaro BROKERS: Joel Lusky (@JoelLusky) & Zalmy Shapiro (@Zalmy_Shapiro) - SREG SALE PRICE: $5,200,000 SF: 3,171 ~ PPSF: $1,640

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83