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3914 Island Estates Dr, Ave...

Simon Librati & Nahim Jorge Bonilla Acquire DJ Khaled's Aventura SFR For $4.8M
SOLDSingle Family Residence

Simon Librati & Nahim Jorge Bonilla Acquire DJ Khaled's Aventura SFR For $4.8M

3914 Island Estates Dr, Aventura, FL, USA

$4,800,000

$716/SF

Building Size

6,697 SF

Asset Type

Single Family Residence

Closing

Jun 29, 2020

AI

DJ Khaled has sold his single-family home located at 3914 Island Estates Dr. in Aventura. The property was purchased by Simon Librati and Nahim Jorge Bonilla of PrimeMed Corp for a price of $4,800,000. The house spans across 6,697 square feet, resulting in a price per square foot of $716.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $4,800,000
  • Address: 3914 Island Estates Dr.
  • Market: Aventura

The sale was facilitated by brokers Julian Johnston and Caterine Gomez from Corcoran Group, as well as Janet Ben Zvi from One Sotheby's International Realty.

This transaction took place on June 30, 2020. The buyers, Simon Librati and Nahim Jorge Bonilla, represent PrimeMed Corp, while DJ Khaled acted as the seller. The property itself is a single-family home in Aventura, spanning 6,697 square feet and commanding a price of $4,800,000. The sale was handled by Julian Johnston and Caterine Gomez from Corcoran Group, along with Janet Ben Zvi from One Sotheby's International Realty.

Players

Julian Johnston

The Corcoran Group

Broker

$777.3M

vol

55 deals

Broker

Simon Librati

Buyer

$13M

vol

2 deals

Buyer

Aventura 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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93