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18530 North Bay Road, Sunny...

Updated Sep 9, 2024

18530 North Bay Road Single Family Sold For $9.5M With Representation By Isaac Lustgarten, Oren & Tal Alexander - Alexander Team - Douglas Elliman
SOLDSingle Family Residence

18530 North Bay Road Single Family Sold For $9.5M With Representation By Isaac Lustgarten, Oren & Tal Alexander - Alexander Team - Douglas Elliman

18530 North Bay Road, Sunny Isles Beach, FL, USA

$9,500,000

$1,338/SF

Building Size

7,100 SF

Asset Type

Single Family Residence

Closing

Apr 30, 2021

About this deal

AI

The single-family property located at 18530 North Bay Road in Sunny Isles Beach has been sold. The transaction, which closed on 05/01/2021, involved an asking price of $9,500,000. The property spans over 7,100 square feet, resulting in a price per square foot of $1,338.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $9,500,000
  • Market: Sunny Isles Beach
  • Address: 18530 North Bay Road

The sale of this property was facilitated by the Alexander Team from Douglas Elliman. The team, consisting of Isaac Lustgarten, Oren Alexander, and Tal Alexander, played a key role as brokers in the deal.

Players

Isaac Lustgarten

The Corcoran Group

Broker

$274.6M

vol

25 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Sunny Isles Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $9.5M for 7,100 square feet (2021).

Visit Tal Alexander to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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