Michael Newman Sells Single Family Residence At 260 South Parkway North Miami Beach For $10.5M
260 South Parkway
$10,500,000
$1,714/SF
Building Size
6,123 SF
Asset Type
Single Family Residence
Closing
Sep 1, 2024
AI
This transaction involves a single-family residence located at 260 South Parkway in North Miami Beach. The property was sold for $10,500,000.00 and has a total square footage of 6,123.0.
Summary of transaction details:
- Property Type: Single Family Residence
- Transaction Amount: $10,500,000.00
- Address: 260 South Parkway
- Market: North Miami Beach
- Square Footage: 6,123.0
- Seller: Michael Newman
- Brokers: Eli Eskenazi (Miles Goldstein Real Estate), Alan Eskenazi (Miles Goldstein Real Estate)
Eli Eskenazi and Alan Eskenazi, both from Miles Goldstein Real Estate, represented the seller, Michael Newman, in this transaction. Their involvement facilitated the completion of the sale of the property.
Players
North 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93