Updated Sep 9, 2024
Jon Kotler Acquires SFR In North Miami For $2.2M
1935 Northeast 124th Street, North Miami, FL 33181
$2,200,000
$486/SF
Building Size
4,521 SF
Asset Type
Single Family Residence
Closing
May 11, 2020
About this deal
AI
Located in North Miami, the SFR property at 1935 NE 124th St has recently been sold. The transaction was facilitated by Jon Kotler from an undisclosed agency, representing the buyer. Richard Feldman acted as the seller's representative in the deal. The sale took place on May 11, 2021, with a sale price of $2,200,000. The property spans 4,521 square feet, resulting in a price per square foot of $487.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,200,000
- Address: 1935 NE 124th St
- Market: North Miami
- Buyer's Representative: Jon Kotler @Jon.K
- Seller's Representative: Richard Feldman
- Square Footage: 4,521
- Price per Square Foot: $487
The successful transaction highlights the collaboration between Jon Kotler, representing the buyer, and Richard Feldman, acting as the seller's representative. Both parties played crucial roles in finalizing the deal, resulting in the sale of the SFR property at 1935 NE 124th St. The price per square foot of $487 demonstrates the value of the property in the North Miami market.
Players
North Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $486 per square foot on a published $2.2M for 4,521 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93