Talia & Jonathan Oringer Acquire Miami Beach SFR From Petra & Stephen Levin For $42M
SOLD
$42,000,000
Florida
See Similar DealsSingle Family Residence19,861 SF
Sold 10/29/2020
SOLD
Talia & Jonathan Oringer Acquire Miami Beach SFR From Petra & Stephen Levin For $42M
4358 North Bay Road, Miami Beach, FL, USA
See Similar DealsSingle Family Residence19,861 SF
Sold 10/29/2020
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,239,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$149,217.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$199,101.43
Annual Debt Service$2,389,217.13
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