Sivan Erten Of Erten Realty Group Represents Buyer In $15.5M Miami Beach Sale
SOLD
$15,500,000
Florida
See Similar DealsSingle Family Residence4,434 SF
Sold 12/20/2024
SOLD
Sivan Erten Of Erten Realty Group Represents Buyer In $15.5M Miami Beach Sale
250 West San Marino Drive
See Similar DealsSingle Family Residence4,434 SF
Sold 12/20/2024
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,495
Total Square Footage:4,434 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,068.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,477.91
Annual Debt Service$881,734.89
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