Sivan Erten Of Erten Realty Group Represents Buyer In $15.5M Miami Beach Sale
250 West San Marino Drive
$15,500,000
$3,495/SF
Building Size
4,434 SF
Asset Type
Single Family Residence
Closing
Dec 20, 2024
AI
The property involved in this transaction is a single-family home located at 250 West San Marino Drive in the Miami Beach market. The sale price for the asset was $15,500,000, and it encompasses a total area of 4,434 square feet, amounting to a price per square foot of $3,495.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,500,000
- Address: 250 West San Marino Drive
- Market: Miami Beach
- Square Footage: 4,434 SF
- Price Per Square Foot: $3,495
- Buyer's Representative: Sivan Erten - Erten Realty Group
- Seller's Representative: Mariana Niro - Serhant
The transaction showcases the collaboration between Sivan Erten of Erten Realty Group representing the buyer and Mariana Niro of Serhant representing the seller. These brokers played pivotal roles in facilitating the agreement between the parties involved in the sale.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93