Updated Oct 28, 2024
Huron Street Trust Acquires SFR In Miami Beach For $11.1M
2979 Flamingo Drive, Miami Beach, Florida 33140, United States
$11,100,000
$1,887/SF
Building Size
5,881 SF
Asset Type
Single Family Residence
Closing
Jan 2, 2022
About this deal
AI
The property involved in this closed transaction is a single-family residence located at 2979 Flamingo Dr in Miami Beach. The property spans approximately 5,881 square feet and was sold for a total price of $11,100,000. The price per square foot for this transaction is $1,887.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $11,100,000
- Buyer: Huron Street 2009 Grat Trust
- Seller: Gerardo L Fojaca
- Market: Miami Beach
The buyer of the property is represented by a broker named Huron Street, who works for the agency 2009 Grat Trust. The seller, Gerardo L Fojaca, did not have a representative in this transaction.
Players
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
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93