Richard Zaidner Sells Single Family Residence In Miami Beach For $4M
SOLD
$4,000,000
Florida
See Similar DealsSingle Family Residence3,111 SF
Sold 03/27/2023
SOLD
Richard Zaidner Sells Single Family Residence In Miami Beach For $4M
227 North Shore Drive
See Similar DealsSingle Family Residence3,111 SF
Sold 03/27/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,285
Total Square Footage:3,111 SF
Transaction Type:Sale
A single-family residence located at 227 North Shore Drive in Miami Beach was recently sold for $4,000,000. The property spans 3,111 square feet, resulting in a price per square foot of $1,286.
Summary of transaction details:
- Property Type: Single Family Residence
- Transaction Amount: $4,000,000
- Address: 227 North Shore Drive, Miami Beach
- Market: Miami Beach
- Seller: Richard Zaidner
- Brokers: Mariana Garber - Coldwell Banker, Michael Menghini - Julies Realty, LLC
- Square Footage: 3,111
- Price Per Square Foot: $1,286
The sale of this property was facilitated by brokers Mariana Garber of Coldwell Banker and Michael Menghini of Julies Realty, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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