Updated Oct 29, 2024
Janet Lustgarten Acquires SFR In Miami Beach For $6.2M
2515 Flamingo Drive, Miami Beach, FL, USA
$6,200,000
$1,106/SF
Building Size
5,606 SF
Asset Type
Single Family Residence
Closing
Dec 14, 2020
About this deal
AI
A single-family residential property located at 2515 Flamingo Drive in Miami Beach has been sold. The property, with a total area of 5,606 square feet, was listed for $6,200,000, resulting in a price per square foot of $1,106. The sale was completed on December 15, 2020.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $6,200,000
- Address: 2515 Flamingo Drive, Miami Beach
- Market: Miami Beach
Janet Lustgarten from Kx Systems purchased the property, while Nelson Gonzalez acted as the seller. Isaac Lustgarten from Douglas Elliman represented Janet Lustgarten as the buyer's representative, whereas Nelson Gonzalez from Berkshire Hathaway HomeServices EWM Realty represented himself as the seller's representative in the deal.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $6.2M for 5,606 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93