Philip Scheinfeld & Jaime Blatt Acquire Single Family Home In Miami Beach For $2.3M
SOLD
$2,295,000
Florida
See Similar DealsSingle Family Residence2,640 SF
Sold 04/19/2021
SOLD
Philip Scheinfeld & Jaime Blatt Acquire Single Family Home In Miami Beach For $2.3M
2203 North Bay Road, Miami Beach, FL, USA
See Similar DealsSingle Family Residence2,640 SF
Sold 04/19/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$869
Total Square Footage:2,640 SF
Transaction Type:Sale
A single-family property located at 2203 N Bay Road in Miami Beach has been sold. The property, with a total square footage of 2,640, was listed for an asking price of $2,475,000. The final sale price for the property was $2,295,000, resulting in a price per square foot of $869.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $2,295,000
- Address: 2203 N Bay Road, Miami Beach
- Market: Miami Beach
The buyer's representatives in the deal were Philip Scheinfeld from the PhilipscheinfeldTeam - Compass and Jaime Blatt from Compass. On the other hand, Lily Pertierra represented the seller in the transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,153.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,879.47
Annual Debt Service$130,553.65
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