Jeffrey Miller (Jeffmillergroup) Acquires Single Family Residence In Miami Beach For $7.5M
420 North Hibiscus Drive
$7,500,000
$1,329/SF
Building Size
5,642 SF
Asset Type
Single Family Residence
Closing
Mar 15, 2023
AI
The property asset involved in this transaction is a Single Family Residence located at 420 North Hibiscus Drive in Miami Beach. The sale price was $7,500,000, encompassing a total square footage of 5,642. The price per square foot for this property amounts to $1,329.
Summary of transaction details:
- Property Type: Single Family Residence
- Transaction Amount: $7,500,000
- Address: 420 North Hibiscus Drive
- Market: Miami Beach
- Square Footage: 5,642
- Price Per Square Foot: $1,329
Jeffrey Miller from Jeffmillergroup represented the buyer in this transaction, partnering with Sotheby's International Realty. The details of the buyer and seller have not been disclosed.
Players
Market 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93