Updated Oct 29, 2024
Brodson Construction Acquires SFR In Miami Beach For $5.3M
1630 W 21st St, Miami Beach, FL 33140, USA
$5,295,000
$1,212/SF
Building Size
4,366 SF
Asset Type
Single Family Residence
Closing
Oct 7, 2020
About this deal
AI
A single-family residential property located at 1630 West 21 Street in Miami Beach, Florida, was recently sold for a total of $5,295,000. The sale was completed on October 8, 2020, and involved the buyer, Brodson Construction represented by Barry Brodsky, and the seller, Kerr Brothers. The transaction was facilitated by brokers Allan Kleer and Fabian Garcia Diaz from ONE Sotheby's International Realty.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $5,295,000
- Market: Miami Beach, Florida
As part of this closed transaction, Brodson Construction, represented by Barry Brodsky, acquired the property located at 1630 West 21 Street in Miami Beach, Florida. The sale was made to Kerr Brothers, with brokers Allan Kleer and Fabian Garcia Diaz representing the buyer. The deal signifies a successful purchase in the Miami Beach market.
On the Map
$5,295,000
$1,212/SF
Single Family Residence
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Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $1.2K per square foot on a published $5.3M for 4,366 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.00%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93