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444 Northeast 50th Terrace

Marc Elk Acquires SFR In Miami From Brian Brun For $2.3M
SOLDSingle Family Residence

Marc Elk Acquires SFR In Miami From Brian Brun For $2.3M

444 Northeast 50th Terrace

$2,300,000

$740/SF

Building Size

3,105 SF

Asset Type

Single Family Residence

Closing

Mar 1, 2023

AI

A single-family home located at 444 Northeast 50th Terrace in Miami has been sold in a recent transaction. The property offers a total square footage of 3,105 and was listed for $2,500,000.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $2,300,000
  • Address: 444 Northeast 50th Terrace, Miami
  • Market: Miami

The buyer, Marc Elk, acquired the property from the seller, Brian Brun. The transaction was facilitated by Liora Rahimi and Oren Alexander from OFFICIAL, who represented both parties in the deal.

The sale price for the property was $2,300,000, and the price per square foot (PPSF) amounted to $741.

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93