Golden Beach SFR Sold For $8.2M From Seller Meir Elfassy And Brokers Brigitte Lina & Danielle Elfassy
SOLD
$8,200,000
Florida
See Similar DealsSingle Family Residence4,887 SF
Sold 08/06/2021
SOLD
Golden Beach SFR Sold For $8.2M From Seller Meir Elfassy And Brokers Brigitte Lina & Danielle Elfassy
407 Ocean Blvd, Golden Beach, FL, USA
See Similar DealsSingle Family Residence4,887 SF
Sold 08/06/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,677
Total Square Footage:4,887 SF
Transaction Type:Sale
A single-family residential property located at 407 Ocean Blvd in Golden Beach was sold in a closed transaction. The property features a lot size of 14,000 square feet. The sale took place on 08/06/2021 and the property was sold for the asking price of $8,200,000.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $8,200,000
- Address: 407 Ocean Blvd, Golden Beach
- Market: Golden Beach
The seller of the property was Meir Elfassy. The transaction was facilitated by the brokers Brigitte Lina and Danielle Elfassy from an undisclosed agency.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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