Updated Sep 5, 2024
Reid Heidenry & Marko Gojanovic Of MR Luxury Group Acquire Miami Beach SFR For $22.9M
2700 N Bay Rd Miami Beach, FL 33140, USA
$22,875,000
$2,261/SF
Building Size
10,114 SF
Asset Type
Single Family Residence
Closing
Jun 7, 2023
About this deal
AI
The recently closed property transaction in Miami Beach involved a Single Family Home (SFR) located at 2700 N Bay. This substantial property spans over 10,114 square feet, commanding a sale price of $22,875,000. With a price per square foot (PPSF) of $2,262, the property showcases its value in the competitive Miami Beach market.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $22,875,000
- Market: Miami Beach
- Address: 2700 N Bay
Reid Heidenry and Marko Gojanovic from MR Luxury Group at Sotheby's International Realty represented the buyer's interests in this successful transaction. On the other side, Julian Johnston, affiliated with The Corcoran Group, acted as the seller's representative. Both parties played an instrumental role in ensuring the smooth completion of the sale, leveraging their expertise and industry knowledge.
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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93