Danny Hertzberg Acquires SFR In Miami Beach For $6.62M
SOLD
$6,620,000
Florida
See Similar DealsSingle Family Residence4,257 SF
Sold 06/24/2022
SOLD
Danny Hertzberg Acquires SFR In Miami Beach For $6.62M
2181 North Bay Road, Miami Beach, Florida 33140, United States
See Similar DealsSingle Family Residence4,257 SF
Sold 06/24/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,555
Total Square Footage:4,257 SF
Transaction Type:Sale
A single-family residential property located at 2181 N Bay Rd in Miami Beach has been sold for a total price of $6,620,000. The property spans 4,257 square feet, resulting in a price per square foot of $1,555. The sale took place on June 24, 2022.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $6,620,000
- Date: 06/24/2022
- Address: 2181 N Bay Rd
- Market: Miami Beach
- Designer: Chill Casa Home
- Seller: Jonathan Ast
- Buyer's Representative: Danny Hertzberg - Coldwell Banker Realty
- Seller's Representative: Julian Cohen - Douglas Elliman
The deal was facilitated by Danny Hertzberg from Coldwell Banker Realty, who represented the buyer, and Julian Cohen from Douglas Elliman, who represented the seller. Chill Casa Home was the designer involved in this transaction. These key individuals and companies played crucial roles in the successful sale of this property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$353,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,519.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,382.18
Annual Debt Service$376,586.13
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