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1630 W 21st St, Miami Beach...

Brodson Construction Acquires SFR In Miami Beach For $5.3M
SOLDSingle Family Residence

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

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.

Players

Fabian Garcia-Diaz

Sotheby's International Realty

Broker

$61.5M

vol

9 deals

Broker

Barry P Brodsky

Brodson Construction

Buyer

$81.1M

vol

5 deals

Buyer

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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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