Florida Land Trust Acquires Single Family Home In North Miami Beach For $24.1M
SOLD
$24,100,000
Florida
See Similar DealsSingle Family Residence4,763 SF
Sold 06/05/22
SOLD
Florida Land Trust Acquires Single Family Home In North Miami Beach For $24.1M
287 Ocean Boulevard, North Miami Beach, Florida 33160, United States
See Similar DealsSingle Family Residence4,763 SF
Sold 06/05/22
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$5,059
Total Square Footage:4,763 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,285,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,622.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$114,246.30
Annual Debt Service$1,370,955.54
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