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
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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