Robert Coward & Bradley Jones Acquire SFR In Miami Beach For $4.9M
SOLD
$4,900,000
Florida
See Similar DealsSingle Family Residence5,400 SF
Sold 03/16/2020
SOLD
Robert Coward & Bradley Jones Acquire SFR In Miami Beach For $4.9M
2535 Shelter Avenue, Miami Beach, FL, USA
See Similar DealsSingle Family Residence5,400 SF
Sold 03/16/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$907
Total Square Footage:5,400 SF
Transaction Type:Sale
A single-family residence located at 2535 Shelter Avenue in Miami Beach has been sold for a price of $4,900,000. The property spans 5,400 square feet and has a price per square foot of $900.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,900,000
- Property Address: 2535 Shelter Avenue, Miami Beach
- Market: Miami Beach
The buyer of the property is Robert Coward and Bradley Jones. The seller of the property is Carl Icahn, represented by MB 2103 LLC. Anna Sherrill from One Sotheby's International Realty acted as the buyer's representative, while Nickel Goeseke from Cervera Real Estate represented the seller.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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