Jan Banaszuk Acquires Single Family Home In Miami Beach For $3.45M With Michel Bitton & Dean Bloch
SOLD
Florida
See Similar DealsSingle Family Residence3,200 SF
Sold
SOLD
Jan Banaszuk Acquires Single Family Home In Miami Beach For $3.45M With Michel Bitton & Dean Bloch
410 South Shore Drive
See Similar DealsSingle Family Residence3,200 SF
Sold
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1078
Total Square Footage:3200 SF
Transaction Type:Sale
This single-family property located at 410 South Shore Drive in Miami Beach features a sale price of $3,450,000. The property spans an area of 3,200 square feet, leading to a price per square foot of $1,078.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,450,000
- Address: 410 South Shore Drive
- Market: Miami Beach
- Square Footage: 3,200
- Price per Square Foot: $1,078
- Buyer: Jan Banaszuk
- Broker Representatives: Michel Bitton & Dean Bloch - Douglas Elliman
The transaction was facilitated by Michel Bitton and Dean Bloch, who represented both sides, successfully securing a buyer after the property was on the market for over a year. They managed to complete the transaction in less than 90 days.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12
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