Florida Land Trust Acquires Single Family Home In North Miami Beach For $24.1M
287 Ocean Boulevard, North Miami Beach, Florida 33160, United States
$24,100,000
$5,059/SF
Building Size
4,763 SF
Asset Type
Single Family Residence
Closing
Jun 5, 1922
AI
The single-family property located at 287 Ocean Blvd in North Miami Beach, FL has been sold. The transaction took place on June 6, 2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $24,100,000
- Address: 287 Ocean Blvd, North Miami Beach, FL
- Market: North Miami Beach, FL
The property was purchased by Florida Land Trust from Barry J. Silverman and Judy Silverman. The sale price for the property was $24,100,000. The property has a total area of 4,763 square feet, resulting in a price per square foot of $5,060.
Players
Golden 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93