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Michael McDonnell Sells Waterfront Home In North Miami Beach For $3.9M With Alexander Goldstein As Seller's Rep

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SOLD
$3,900,000

Florida

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Single Family Residence5,514 SF
Sold 10/15/2024
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Property Image
SOLD

Michael McDonnell Sells Waterfront Home In North Miami Beach For $3.9M With Alexander Goldstein As Seller's Rep

16442 Northeast 31st Avenue

See Similar Deals
Single Family Residence5,514 SF
Sold 10/15/2024
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$707
Total Square Footage:5,514 SF
Transaction Type:Sale

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:

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

Alexander Goldstein
26 deals$281.6M volume
BROKER

Alan Eskenazi
Miles Goldstein Real Estate
39 deals$246.8M volume(786) 493-7772
BROKER

Benjamin Malayev
HL Real Estate Group
7 deals$17.2M volume(347) 551-9919
BROKER

Details

SOLD
IMAGE: Alexander Goldstein, Alan Eskenazi & Benjamin Malayev DATE: 10/15/2024 ADDRESS: 16442 Northeast 31st Avenue MARKET: North Miami Beach ASSET TYPE: Single Family SELLER: Michael McDonnell BUYER'S REP: Benjamin Malayev (@RealdealBenji) - HL Real Estate Group (@HLRealEstateGroup); Alan Eskenazi (@AlanEskenazi) - Miles Goldstein Real Estate SELLER'S REP: Alexander Goldstein (@MrAlexGoldstein) - Miles Goldstein Real Estate (@MilesGoldstein_RealEstate) SALE PRICE: $3,900,000 SF: 5,514 ~ PPSF: $707 NOTE FROM BROKER: We are thrilled to announce the successful sale of an incredible 5-bedroom, 6-bathroom waterfront home in the prestigious Eastern Shores community. For those considering the acquisition of similar elite properties or thinking about selling their own, we invite you to connect with us. Our expertise in buying, selling, and investing ensures that each transaction is handled with the utmost professionalism and efficiency.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88