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1490 Northeast 101st Street

Michael Roth Purchases Miami Shores Single Family Home From Luna Shores For $12.58M
SOLDSingle Family Residence

Michael Roth Purchases Miami Shores Single Family Home From Luna Shores For $12.58M

1490 Northeast 101st Street

$12,578,500

$1,823/SF

Building Size

6,900 SF

Asset Type

Single Family Residence

Closing

Apr 30, 2025

AI

The property asset involved in the transaction is a single-family home located at 1490 Northeast 101st Street in Miami Shores. The sale price of the residence was $12,578,500. It encompasses a total area of 6,900 square feet, resulting in a price per square foot of $1,822.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $12,578,500
  • Address: 1490 Northeast 101st Street
  • Market: Miami Shores
  • Broker: Michel Bitton - Douglas Elliman
  • Buyer: Michael Roth (trustee of 1490 Water's Edge Trust)
  • Seller: Luna Shores

The individuals involved in this transaction include Michael Roth, who acted as the buyer's trustee for the 1490 Water's Edge Trust, and the seller, Luna Shores. The brokerage representing the transaction was Michel Bitton from Douglas Elliman, facilitating the deal between the involved parties.

Players

Michel Bitton

Douglas Elliman

Broker

$20.8M

vol

3 deals

Broker

Miami Shores Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.26%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93