Miami Beach SFR Sold For $16M With Buyer's Rep Devin Kay & Seller's Rep Katrina Campins & Trinette Zarran
SOLD
$16,000,000
+ 1
Florida
See Similar DealsSingle Family Residence4,412 SF
Sold 02/11/2022
SOLD
Miami Beach SFR Sold For $16M With Buyer's Rep Devin Kay & Seller's Rep Katrina Campins & Trinette Zarran
360 South Hibiscus Drive, Miami Beach, Florida 33139, United States
See Similar DealsSingle Family Residence4,412 SF
Sold 02/11/2022
+ 1
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,626
Total Square Footage:4,412 SF
Transaction Type:Sale
A single-family residence located at 360 S. Hibiscus Drive in Miami Beach has been sold for $16,000,000. The property spans 4,412 square feet and was sold for a price per square foot of $3,626.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $16,000,000
- Address: 360 S. Hibiscus Drive
- Market: Miami Beach
The buyer's representative in the deal was Devin Kay from Douglas Elliman, while the seller was represented by Katrina Campins and Trinette Zarran from The Campins Company, as well as Albert Justo and Mirce (Miki) Curkoski from ONE Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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