Gregory M Cogan Acquires Single Family Home In North Miami Beach For $23.75M
SOLD
Florida
See Similar DealsSingle Family Residence4,117 SF
Sold 06/12/22
SOLD
Gregory M Cogan Acquires Single Family Home In North Miami Beach For $23.75M
291 Ocean Boulevard, North Miami Beach, Florida 33160, United States
See Similar DealsSingle Family Residence4,117 SF
Sold 06/12/22
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$5,768
Total Square Footage:4,117 SF
Transaction Type:Sale
The single-family property located at 291 Ocean Blvd in North Miami Beach, FL has been sold. The transaction took place on June 13, 2022. The property spans 4,117 square feet and sold at a price of $23,750,000, resulting in a price per square foot of $5,769. The buyer in this transaction was Gregory M Cogan, while Nan Bush & Bruce Weber acted as the sellers.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,750,000
- Address: 291 Ocean Blvd, North Miami Beach, FL
- Market: North Miami Beach, FL
- Buyer: Gregory M Cogan
- Seller: Nan Bush & Bruce Weber
- Square Footage: 4,117
- Price per Square Foot: $5,769
In this deal, Gregory M Cogan represented himself as the buyer's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$84,378.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,587.12
Annual Debt Service$1,351,045.40
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