Altara Properties And SERHANT Represented In $32.95M Miami Beach SFR Sale
2120 West Bay Avenue, Miami Beach, Florida 33140, United States
$32,950,000
$1,156/SF
Building Size
28,500 SF
Asset Type
Single Family Residence
Closing
Mar 6, 2022
AI
A single-family residential property located at 2120 Bay Avenue in Miami Beach has been sold for a total price of $32,950,000. The transaction took place on March 7, 2022. The property spans an area of 28,500 square feet, resulting in a price per square foot of $1,156. Scott Porter from Altara Properties and Nile Lundgren from SERHANT acted as the brokers in this deal.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $32,950,000
- Address: 2120 Bay Avenue
- Market: Miami Beach
The deal was facilitated by Scott Porter from Altara Properties and Nile Lundgren from SERHANT. Both brokers played crucial roles in ensuring a successful transaction for the parties involved.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93