Jimmy Resnick Purchases Single Family Home From Betty Lou Steward In Miami Beach For $5.5M
2500 Sunset Drive
$5,500,000
$2,471/SF
Building Size
2,225 SF
Asset Type
Single Family Residence
Closing
Aug 9, 2024
AI
The property involved in this transaction is a single-family home located at 2500 Sunset Drive in Miami Beach. It has a total area of 2,225 square feet and was sold for a price of $5,500,000, reflecting a price per square foot of $2,471. The original asking price was $5,995,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,500,000
- Address: 2500 Sunset Drive
- Market: Miami Beach
- Asking Price: $5,995,000
- Square Footage: 2,225
- Price per Square Foot: $2,471
- Buyer: Jimmy Resnick
- Seller: Betty Lou Steward
- Brokers: Mallory McGuire & Mirce Curkoski - Sotheby's International Realty
The transaction features Jimmy Resnick as the buyer and Betty Lou Steward as the seller. The deal was facilitated by brokers Mallory McGuire and Mirce Curkoski from Sotheby's International Realty, managing the negotiations between the two parties to complete the sale.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93