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2204 North Bay Road, Miami ...

Matthew Gaines Of Paragon Biosciences Acquires Miami Beach SFR For $17.68M
SOLDSingle Family Residence

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

Nelson Gonzalez

Berkshire Hathaway HomeServices

Broker

$761.2M

vol

44 deals

Broker

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