Douglas Elliman Acquires SFR In North Miami For $10.6M
SOLD
Florida
See Similar DealsSingle Family Residence
Sold 09/02/2021
SOLD
Douglas Elliman Acquires SFR In North Miami For $10.6M
1995 NE 118 Rd
See Similar DealsSingle Family Residence
Sold 09/02/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Transaction Type:Sale
A single-family home located at 1995 NE 118 Rd in North Miami has been sold for a staggering price of $10,600,000. The property, a prime asset in the area, was part of a successful transaction that took place on September 2, 2021.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $10,600,000
- Address: 1995 NE 118 Rd, North Miami
- Market: North Miami
Representing the seller, Neil and Jennifer Sazant, was Julian Cohen from Jills Zeder Group at Coldwell Banker. On the buyer's side, Dina Goldentayer and Mushka Jacobson, both from Douglas Elliman, served as the buyer's representatives in this significant deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$565,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,659.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,249.41
Annual Debt Service$602,992.89
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