Matthew Gaines Of Paragon Biosciences Acquires Miami Beach SFR For $17.68M
2204 North Bay Road, Miami Beach, FL, USA
$17,680,000
$2,080/SF
Building Size
8,500 SF
Asset Type
Single Family Residence
Closing
Jan 14, 2021
AI
Located at 2204 N. Bay Road in Miami Beach, this single-family home (SFR) was recently sold in a closed transaction. The property spans 8,500 square feet and was sold for a price of $17,680,000, resulting in a price per square foot of $2,080. The sale took place on January 15, 2021, making it a recent transaction in the Miami Beach market.
Summary of transaction details
- Property Type: Single-Family Home (SFR)
- Transaction Amount: $17,680,000
- Market: Miami Beach
- Address: 2204 N. Bay Road
Matthew Gaines, the representative of Paragon Biosciences, acted as the buyer in this transaction. On the seller's side, Jim Pulaski of Tudor Investment Corp was involved. Representing the buyer, Stacy Robins of Stacy Robins Companies played a key role, while Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty represented the seller. These individuals and agencies worked together to facilitate the successful sale of the property.
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
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93