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2940 Flamingo Drive, Miami ...

ONE Sotheby's International Realty Represents Buyer And Seller In $4M Miami Beach SFR Sale
SOLDSingle Family Residence

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

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.

Players

Mendel Fellig

Compass

Broker

$201.9M

vol

28 deals

Broker

Jeffrey Hecht

Seller

$4M

vol

2 deals

Seller

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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93