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400 N Hibiscus Dr Miami Bea...

Kevin Flaherty Sells SFR In Miami Beach For $3.65M With Federico Trotta - T&T Development As The Broker
SOLDSingle Family Residence

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

$3,650,000

$1,408/SF

Building Size

2,592 SF

Asset Type

Single Family Residence

Closing

Jul 7, 2023

AI

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.

Players

Federico Trotta

Imago Development

Broker

$13.2M

vol

2 deals

Broker

Kevin M. Flaherty

Morgan Stanley

Seller

$17.2M

vol

2 deals

Seller

Miami 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

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93