Adam Cohen Acquires Miami Beach SFR For $2.2M From Laura Pozvolska
SOLD
Florida
See Similar DealsSingle Family Residence2,498 SF
Sold 01/13/2022
SOLD
Adam Cohen Acquires Miami Beach SFR For $2.2M From Laura Pozvolska
4501 Royal Palm Avenue, Miami Beach, Florida 33140, United States
See Similar DealsSingle Family Residence2,498 SF
Sold 01/13/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$880
Total Square Footage:2,498 SF
Transaction Type:Sale
A single-family home located at 4501 Royal Palm Ave in Miami Beach has been sold for a price of $2,200,000. The property spans 2,498 square feet, resulting in a price per square foot of $881. The sale took place on January 13, 2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,200,000
- Market: Miami Beach
- Buyer: Adam Cohen
- Seller: Laura Pozvolska
- Broker: Mushka Jacobson - Douglas Elliman
The buyer of the property was Adam Cohen, while Laura Pozvolska acted as the seller. Mushka Jacobson from Douglas Elliman represented both parties as the broker in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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