Updated Mar 17, 2025
J.P. Morgan Wealth Management Acquires Miami Beach Single Family For $6.5M
5061 North Bay Road, Miami Beach, FL, USA
$6,499,000
$1,096/SF
Building Size
5,929 SF
Asset Type
Single Family Residence
Closing
Apr 25, 2021
About this deal
AI
Located in Miami Beach, the single-family property at 5061 North Bay Road has been sold in a recent transaction. The property spans over an area of 5,929 square feet and was sold at a price of $6,499,000, resulting in a price per square foot of $1,096. The transaction took place on April 26, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $6,499,000
- Buyer: Andrea Reiser; David Reiser - J.P. Morgan Wealth Management
- Seller: Rafi & Hadas Gibly
- Brokers: Jonathan Mann & Daniel Hertzberg - Coldwell Banker Realty
The buyer of the property is Andrea Reiser, along with David Reiser, who is associated with J.P. Morgan Wealth Management. The seller of the property is Rafi and Hadas Gibly. Coldwell Banker Realty represented both parties in this transaction, with Jonathan Mann and Daniel Hertzberg acting as the brokers.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93