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3675 Flamingo Drive, Miami ...

Moshe Popack Acquires $7.9M Miami Beach SFR From Isser Elishis
SOLDSingle Family Residence

Moshe Popack Acquires $7.9M Miami Beach SFR From Isser Elishis

3675 Flamingo Drive, Miami Beach, FL, USA

$7,900,000

$772/SF

Building Size

10,230 SF

Asset Type

Single Family Residence

Closing

Jan 1, 2020

AI

3675 Flamingo Drive, a single-family residence located in Miami Beach, was recently sold in a closed transaction. The property, with a total square footage of 10,230, was purchased for a price of $7,900,000, resulting in a price per square foot of $772.

Summary of Transaction Details

  • Property Type: SFR
  • Transaction Amount: $7,900,000
  • Address: 3675 Flamingo Drive, Miami Beach
  • Market: Miami Beach
  • Square Footage: 10,230

The seller of the property was Isser Elishis, represented by Waterton Global Resource Management. The buyer, Moshe Popack, was represented by YMP Real Estate Management. The transaction was facilitated by broker Mendel Fellig from Compass.

Players

Mendel Fellig

Compass

Broker

$201.9M

vol

28 deals

Broker

Moshe Popack

YMP Real Estate Management

Buyer

$87.2M

vol

4 deals

Buyer

Miami 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

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93