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
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