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
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