Updated Oct 28, 2024
Compass Acquires Miami Beach SFR On N Bay Rd From David Kahan Trust For $25M
4412 North Bay Road, Miami Beach, FL 33140, USA
$25,000,000
$2,704/SF
Building Size
9,245 SF
Asset Type
Single Family Residence
Closing
Jun 4, 2020
About this deal
AI
A single-family residential property located at 4412 N Bay Rd in Miami Beach has been sold. The property is part of the Miami Beach market and has an approximate square footage of 9,245. The sale was facilitated by Farid Moussallem from Compass, representing the buyer, and Jill Hertzberg and Jill Eber from The Jills Zeder Group - Coldwell Banker Realty, representing the seller. The property was sold for the asking price of $25,000,000, and the transaction took place on June 4, 2021. The property is situated on a lot measuring 16,362 square feet.
Summary of transaction details:
- Property Type: Single Family Residential (SFR)
- Transaction Amount: $25,000,000
- Square Footage: 9,245
- Address: 4412 N Bay Rd, Miami Beach
- Market: Miami Beach
Farid Moussallem, a representative from Compass, represented the buyer in this transaction. The seller was represented by Jill Hertzberg and Jill Eber from The Jills Zeder Group - Coldwell Banker Realty. Their expertise and negotiation skills played a crucial role in the successful completion of the deal.
Players
Miami Beach 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93