Updated Oct 29, 2024
Richard Bressler And Lisa Gersh Acquire SFR In Miami Beach For $5.1M
1425 West 25th Street, Miami Beach, FL, USA
$5,100,000
$1,040/SF
Building Size
4,902 SF
Asset Type
Single Family Residence
Closing
Jan 19, 2021
About this deal
AI
Richard Bressler and Lisa Gersh have purchased a single-family home in Miami Beach. The property is located at 1425 West 25th Street and spans approximately 4,902 square feet. The transaction took place on January 20, 2021, with a selling price of $5,100,000, resulting in a price per square foot of $1,040.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $5,100,000
- Square Footage: 4,902
- Address: 1425 West 25th Street, Miami Beach
The buyers, Richard Bressler and Lisa Gersh, represent iHeartMedia and Oxygen Media, respectively. The sellers of the property are Robb Michael LaKritz of LaKritz Holdings.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1K per square foot on a published $5.1M for 4,902 square feet (2021).
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93