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Talia & Jonathan Oringer Acquire Miami Beach SFR From Petra & Stephen Levin For $42M

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SOLD
$42,000,000

Florida

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Single Family Residence19,861 SF
Sold 10/29/2020
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Property Image
SOLD

Talia & Jonathan Oringer Acquire Miami Beach SFR From Petra & Stephen Levin For $42M

4358 North Bay Road, Miami Beach, FL, USA

See Similar Deals
Single Family Residence19,861 SF
Sold 10/29/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,114
Total Square Footage:19,861 SF
Transaction Type:Sale

The property involved in this transaction is a Single Family Residential (SFR) located at 4358 North Bay Road in Miami Beach. The house spans 19,861 square feet, and it was sold for a price of $42,000,000, resulting in a price per square foot of $2,115.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $42,000,000
  • Address: 4358 North Bay Road, Miami Beach
  • Market: Miami Beach

The buyer in this transaction is Talia Oringer and Jonathan Oringer, who are represented by Shutterstock. The seller is Petra and Stephen Levin.

Players

2 deals$50.5M volume
SELLER

Details

SOLD
IMAGE: Jonathan Oringer⁠ DATE: 10/29/2020⁠ ADDRESS: 4358 North Bay Road⁠ MARKET: Miami Beach⁠ ASSET TYPE: SFR⁠   BUYER: Talia Oringer & Jonathan Oringer - Shutterstock⁠ SELLER: Petra & Stephen Levin⁠ PRICE: $42,000,000⁠ SF: 19,861 ~ PPSF: $2,115

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$149,217.14
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