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Tal Banay Buys Single Family Home At 5225 La Gorce Drive Miami Beach For $4.15M

Property Image
SOLD
$4,150,000

Florida

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Single Family Residence2,906 SF
Sold 10/30/2024
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Property Image
SOLD

Tal Banay Buys Single Family Home At 5225 La Gorce Drive Miami Beach For $4.15M

5225 La Gorce Drive

See Similar Deals
Single Family Residence2,906 SF
Sold 10/30/2024
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,428
Total Square Footage:2,906 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 5225 La Gorce Drive, Miami Beach. This single-family home was sold for a transaction price of $4,150,000, encompassing a total square footage of 2,906. The price per square foot for this property is $1,428.

Summary of transation details:

  • Property Type: Single Family
  • Transaction Amount: $4,150,000
  • Address: 5225 La Gorce Drive
  • Market: Miami Beach
  • Square Footage: 2,906
  • Price per Square Foot: $1,428
  • Buyer: Tal Banay
  • Seller: Todd Magazine
  • Buyer's Representative: Alona Yona - Beachfront Realty
  • Seller's Representative: Iliana Abella - Compass

This transaction involved Alona Yona representing the buyer, Tal Banay, while Iliana Abella represented the seller, Todd Magazine. Both representatives are affiliated with reputable real estate agencies, Beachfront Realty for the buyer's side and Compass for the seller's side.

Players

Alona Yona
7 deals$15.1M volume
BROKER

Iliana abella
Compass
2 deals$12.9M volume(305) 505-0488
BROKER

Details

SOLD
IMAGE: Alona Yona & Iliana Abella DATE: 10/30/2024 ADDRESS: 5225 La Gorce Drive MARKET: Miami Beach ASSET TYPE: Single Family BUYER: Tal Banay SELLER: Todd Magazine BUYER'S REP: Alona Yona (@Alona_Yona), (@Alona_Yona_real_estate) - Beachfront Realty (@Beachfront.realty) SELLER'S REP: Iliana Abella (@TheAbellagroupcompass) - Compass (@Compass) SALE PRICE: $4,150,000 SF: 2,906 ~ PPSF: $1,428

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$221,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,744.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,673.12
Annual Debt Service$236,077.41