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1411 North Biscayne Point R...

Paul Bensabat Acquires Biscayne Point SFR For $5.2M
SOLDSingle Family Residence

Paul Bensabat Acquires Biscayne Point SFR For $5.2M

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

$5,200,000

$1,639/SF

Building Size

3,171 SF

Asset Type

Single Family Residence

Closing

Apr 10, 2022

AI

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

The Brokerage South Florida Real Estate

Broker

$288.3M

vol

33 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Victor J. Vaccaro

Seller

$9.1M

vol

2 deals

Seller

Miami Beach 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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93