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Stacy Robins Companies Acquires SFR On Star Island Drive For $12M

Property Image
SOLD
$12,000,000
Stacy Robins
Mirce Curkoski
Albert Justo

Florida

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Single Family Residence19,991 SF
Sold 07/21/2020
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Property Image
SOLD

Stacy Robins Companies Acquires SFR On Star Island Drive For $12M

34 East Star Island Drive, Miami Beach, FL, USA, 34 East Star Island Drive, Miami Beach, FL, USA & 34 East Star Island Drive, Miami Beach, FL, USA

See Similar Deals
Single Family Residence19,991 SF
Sold 07/21/2020
Stacy Robins
Mirce Curkoski
Albert Justo
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$600
Total Square Footage:19,991 SF
Transaction Type:Sale

The SFR located at 34 Star Island Drive in Miami Beach has been sold for $12,000,000. This property spans 5,493 square feet, resulting in a price per square foot of $2,185.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $12,000,000
  • Address: 34 Star Island Drive
  • Market: Miami Beach

The seller's representatives for this transaction were Albert Justo and Mirce Curkoski from One Sotheby's International Realty. On the buyer's side, Stacy Robins from Stacy Robins Companies, Inc. facilitated the deal.

Players

Albert Justo
Sotheby's International Realty
Albert Justo
18 deals$309.3M volume
BROKER
Mirce Curkoski
Sotheby's International Realty
Mirce Curkoski
22 deals$356.5M volume
BROKER
Stacy Robins
Stacy Robins Companies
Stacy Robins
11 deals$145.8M volume(305) 710-6511
BROKER
Urban Standard Capital
Urban Standard Capital
LENDER

Details

SOLD
IMAGE: Albert Justo, Mirce Curkoski & Stacy Robins⁠ DATE: 07/21/2020⁠ ADDRESS: 34 Star Island Drive⁠ MARKET: Miami Beach⁠ ASSET TYPE: SFR⁠ SELLER'S REP: Albert Justo & Mirce Curkoski - One Sotheby's International Realty⁠ BUYER'S REP: Stacy Robins - Stacy Robins Companies, Inc.⁠ PRICE: $12,000,000⁠ SF: 5,493⁠ ~ PPSF: $2,185⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$640,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47