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Compass Acquires SFR In Miami Beach For $5.7M With Shelly Northern Representing Buyers

Property Image
SOLD
$5,700,000
Shelly Northern
Hillary Hertzberg
Daniel (Danny) Hertzberg

Florida

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Single Family Residence4,362 SF
Sold 12/15/2021
the dealplayerscompscontact
Property Image
SOLD

Compass Acquires SFR In Miami Beach For $5.7M With Shelly Northern Representing Buyers

1450 Stillwater Drive, Miami Beach, FL 33141

See Similar Deals
Single Family Residence4,362 SF
Sold 12/15/2021
Shelly Northern
Hillary Hertzberg
Daniel (Danny) Hertzberg
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,306
Total Square Footage:4,362 SF
Transaction Type:Sale

1450 Stillwater Dr in Miami Beach was recently sold for $5,700,000. This single-family home spans 4,362 square feet, resulting in a price per square foot of $1,307.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $5,700,000
  • Address: 1450 Stillwater Dr, Miami Beach
  • Market: Miami Beach

Shelly Northern from Compass represented the lucky buyers in this off-market deal. Meanwhile, Danny Hertzberg and Hillary Hertzberg, from Jills Zeder Group - Coldwell Banker Realty, acted as the sellers' representatives.

Players

Daniel (Danny) Hertzberg
Coldwell Banker
Daniel Hertzberg
63 deals$1.6B volume
BROKER
Hillary Hertzberg
Hillary Hertzberg
11 deals$148.9M volume
BROKER
Shelly Northern
Compass
Shelly Northern
6 deals$31.3M volume(786) 525-1721
BROKER

Details

SOLD
IMAGE: Shelly Northern, Danny Hertzberg & Hillary Hertzberg DATE: 12/15/2021 ADDRESS: 1450 Stillwater Dr MARKET: Miami Beach ASSET TYPE: SFR BROKERS: Shelly Northern (@ShellylNorthern) - Compass; Danny Hertzberg (@DannyHertzberg) & Hillary Hertzberg (@HillaryHertzberg) - Jills Zeder Group - Coldwell Banker Realty SALE PRICE: $5,700,000 SF: 4,362 ~ PPSF: $1,307 NOTE FROM BROKER: Shelly Northern represented the lucky buyers of this beautiful Miami Beach house, which was secured before it hit the market. Danny and Hillary Hertzberg represented the sellers.

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

$304,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90