Andrew & Silvia Stern Sell SFR In North Miami Beach For $3.4M With Daniel Alvarez & Alexander Goldstein
SOLD
$3,400,000
Florida
See Similar DealsSingle Family Residence15,398 SF
Sold 01/25/2021
SOLD
Andrew & Silvia Stern Sell SFR In North Miami Beach For $3.4M With Daniel Alvarez & Alexander Goldstein
3120 Northeast 165th Street, North Miami Beach, FL, USA
See Similar DealsSingle Family Residence15,398 SF
Sold 01/25/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$220
Total Square Footage:15,398 SF
Transaction Type:Sale
The property involved in this transaction is a single-family residence located at 3120 NE 165th St in North Miami Beach. The sale took place on January 25, 2021. The property spans 15,398 square feet and has an asking price of $3,700,000. The sale price was negotiated to $3,400,000, resulting in a price per square foot of $221.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,400,000
- Address: 3120 NE 165th St
- Market: North Miami Beach
The sellers of the property are Andrew and Silvia Stern. The buyer's representative in the deal was Alexander Goldstein from IlesGoldstein_RealEstate. Daniel Alvarez, also from IlesGoldstein_RealEstate, served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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