Michael McDonnell Sells Waterfront Home In North Miami Beach For $3.9M With Alexander Goldstein As Seller's Rep
16442 Northeast 31st Avenue
$3,900,000
$707/SF
Building Size
5,514 SF
Asset Type
Single Family Residence
Closing
Oct 15, 2024
AI
The property asset involved in the transaction is a single family home located at 16442 Northeast 31st Avenue, North Miami Beach. This waterfront home features 5 bedrooms and 6 bathrooms, encompassing a total square footage of 5,514. The sale price achieved for this property was $3,900,000, with a price per square foot of $707.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,900,000
- Square Footage: 5,514
- Price Per Square Foot: $707
- Seller: Michael McDonnell
- Buyer’s Representative: Benjamin Malayev - HL Real Estate Group; Alan Eskenazi - Miles Goldstein Real Estate
- Seller’s Representative: Alexander Goldstein - Miles Goldstein Real Estate
The transaction was represented by Alexander Goldstein from Miles Goldstein Real Estate for the seller, while the buyer was represented by Benjamin Malayev from HL Real Estate Group and Alan Eskenazi from Miles Goldstein Real Estate. NOTE FROM BROKER: We are thrilled to announce the successful sale of an incredible waterfront home in the prestigious Eastern Shores community.
Players
North 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93