Updated Dec 21, 2023
ONE Sotheby's International Realty Represents Buyer And Seller In $4M Miami Beach SFR Sale
2940 Flamingo Drive, Miami Beach, Florida 33140, United States
$4,000,000
$1,143/SF
Building Size
3,498 SF
Asset Type
Single Family Residence
Closing
Jul 7, 2022
About this deal
AI
Located at 2940 Flamingo Dr in Miami Beach, this single-family home (SFR) was recently sold for $4,000,000. Spanning across 3,498 square feet, the property was purchased by an undisclosed buyer. The sale price of $4,000,000 translates to a price per square foot (PPSF) of $1,144.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,000,000
- Date: 07/08/2022
- Address: 2940 Flamingo Dr, Miami Beach
- Market: Miami Beach
The buyer's representative in this transaction was Isaac Kessler and Sam Kafin from ONE Sotheby's International Realty. On the other hand, the seller's representative was Mendel Fellig and Babba Yesharim.
On the Map
$4,000,000
$1,143/SF
Single Family Residence
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Miami Beach Single Family Residence Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93