Kevin Flaherty Sells SFR In Miami Beach For $3.65M With Federico Trotta - T&T Development As The Broker
SOLD
$3,650,000
Florida
See Similar DealsSingle Family Residence2,592 SF
Sold
SOLD
Kevin Flaherty Sells SFR In Miami Beach For $3.65M With Federico Trotta - T&T Development As The Broker
400 N Hibiscus Dr Miami Beach, FL 33139, USA
See Similar DealsSingle Family Residence2,592 SF
Sold
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1408
Total Square Footage:2592 SF
Transaction Type:Sale
A single-family home located at 400 North Hibiscus Drive in Miami Beach has been sold. The property, featuring a total area of 2,592 square feet, was sold for a price of $3,650,000. This translates to a price per square foot of $1.408. The sale was facilitated by Federico Trotta from T&T Development, who represented the seller Kevin Flaherty.
Summary of transaction details:
- Property Type: Single-family home
- Transaction Amount: $3,650,000
- Market: Miami Beach
Federico Trotta, the representative from T&T Development, played a crucial role in the sale of the property located at 400 North Hibiscus Drive. This deal demonstrates the expertise and professionalism of both the seller's representative, Federico Trotta, and the broker's agency, T&T Development. The successful transaction highlights their ability to facilitate the sale of valuable properties in the Miami Beach area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35
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