Florida Land Trust Acquires Single Family Property In North Miami Beach, FL For $45M
299 Ocean Boulevard, North Miami Beach, Florida 33160, United States
$45,000,000
$4,920/SF
Building Size
9,145 SF
Asset Type
Single Family Residence
Closing
Jun 6, 1922
AI
The property involved in this transaction is a single-family home located at 299 Ocean Blvd in North Miami Beach, FL. The property has a total square footage of 9,145. The sale took place on June 7, 2022, with the buyer being Florida Land Trust and the seller being Mitchell B Grabois & Lori Grabois. The transaction amount for this property was $45,000,000, resulting in a price per square foot of $4,921.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $45,000,000
- Square Footage: 9,145
- Address: 299 Ocean Blvd, North Miami Beach, FL
- Market: North Miami Beach, FL
The buyer of the property is Florida Land Trust, while the sellers are Mitchell B Grabois & Lori Grabois.
Players
Golden 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93