Updated Dec 19, 2023
Stephen Belafonte Acquires SFR In Miami Beach For $1.32M With Brokers Eddie Blanco & Isael Abel Prieto - Stratwell LLC
325 West 63rd Street, Miami Beach, Florida 33141, United States
$1,320,000
$640/SF
Building Size
2,061 SF
Asset Type
Single Family Residence
Closing
May 12, 2022
About this deal
AI
A single-family home located at 325 W 63rd St in Miami Beach has been sold for $1,320,000. The property spans 2,061 square feet and was sold at a price per square foot of $640.
Summary of transaction details:
- Property Type: Single-Family Home
- Transaction Amount: $1,320,000
- Address: 325 W 63rd St
- Market: Miami Beach
The buyer of the property is Stephen Belafonte, while the seller is Juan Cordero. The sale was facilitated by Eddie Blanco and Isael Abel Prieto from Stratwell LLC.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $640 per square foot on a published $1.3M for 2,061 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93