Joseph Frank Acquires Miami Beach SFR For $13.75M With Seller's Rep Bryan Sereny & Bill Hernandez
369 North Hibiscus Drive, Miami Beach, Florida 33139, United States
$13,750,000
$1,673/SF
Building Size
8,216 SF
Asset Type
Single Family Residence
Closing
May 28, 2022
AI
A single-family residence located at 369 N Hibiscus Dr in Miami Beach has been sold for a transaction price of $13,750,000. The property spans 8,216 square feet, resulting in a price per square foot of $1,674. The sale took place on May 29, 2022, and was an off-market deal.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $13,750,000
- Address: 369 N Hibiscus Dr, Miami Beach
- Market: Miami Beach
The buyer of the property is Joseph Frank, while the sellers are Mai Pham Nguyen and Hoa Ngoc Nguyen. Representing the sellers in the deal were Bryan Sereny and Bill Hernandez of the Bill & Bryan Team at Douglas Elliman.
This sale was facilitated by Bryan Sereny and Bill Hernandez acting as representatives for the sellers, Mai Pham Nguyen and Hoa Ngoc Nguyen. The off-market deal allowed for a successful transaction between the parties involved.
Players
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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93