Updated Dec 18, 2023
RSB LA LLC Acquires Miami Beach SFR From Marsha Soffer For $10.8M
1616 W 28th St, Miami Beach, FL 33140, USA
$10,800,000
$126/SF
Building Size
85,670 SF
Asset Type
Single Family Residence
Closing
Oct 8, 2020
About this deal
AI
Located at 1616 West 28th Street in Miami Beach, this single-family residential property recently changed hands in a closed transaction. The property features a total area of 8,567 square feet. The transaction took place on October 9, 2020, with a selling price of $10,800,000, resulting in a price per square foot of $1,261.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $10,800,000
- Address: 1616 West 28th Street, Miami Beach
- Market: Miami Beach
The buyer of this property is RSB LA LLC, while the seller is Marsha Soffer.
Players
Miami Beach Single Family Residence Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93