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The Firm Properties LLC Acquires SFR In Miami For $3.45M

Property Image
SOLD
$3,450,000
Karen Klein Benzaquen
Adalis Carbo

Florida

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Single Family Residence3,156 SF
Sold 01/20/2023
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Property Image
SOLD

The Firm Properties LLC Acquires SFR In Miami For $3.45M

2110 Northeast 197th Terrace

See Similar Deals
Single Family Residence3,156 SF
Sold 01/20/2023
Karen Klein Benzaquen
Adalis Carbo
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,093
Total Square Footage:3,156 SF
Transaction Type:Sale

The property involved in this transaction is a single-family home located at 2110 Northeast 197th Terrace in Miami. The property has a total of 4,093 square feet of space and was sold at a price of $3,450,000. The asking price for the property was $2,950,000, and the price per square foot (PPSF) is $843.

Summary of transaction details:

  • Property Type: Single-Family Home
  • Transaction Amount: $3,450,000
  • Address: 2110 Northeast 197th Terrace, Miami
  • Market: Miami

The buyer's representative in this transaction was Adalis Carbo from The Firm Properties LLC, while the seller's representative was Karen Klein Benzaquen from Beachfront Realty.

It's worth noting that no additional information was provided regarding financing or any other significant details about the parties involved in the deal.

Players

Karen Klein Benzaquen
Beachfront Realty
Karen Klein Benzaquen
2 deals$5.5M volume
BROKER
Adalis Carbo
The Firm Properties
Adalis Carbo
1 deal$3.5M volume
BROKER

Details

SOLD
IMAGE: Karen Klein Benzaquen & Adalis Carbo DATE: 01/20/2023 ADDRESS: 2110 Northeast 197th Terrace MARKET: Miami ASSET TYPE: SFR BUYER'S REP: Adalis Carbo (@Missadaliscarbo) - The Firm Properties LLC (@TheFirmProperties) SELLER'S REP: Karen Klein Benzaquen (@Karenkleinrealtor) - Beachfront Realty (@BeachfrontRealtyInc) ASKING PRICE: $2,950,000 SALE PRICE: $3,450,000 SF: 4,093 ~ PPSF: $843

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

$184,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12