Updated Dec 21, 2023
Mendel Fellig Represents Sale Of Single Family Property In Miami Beach For $8.3M
5226 North Bay Road, Miami Beach
$8,300,000
$603/SF
Building Size
13,755 SF
Asset Type
Single Family Residence
Closing
Mar 7, 2021
About this deal
AI
A single-family property located at 5226 N Bay Road in Miami Beach has been sold for $8,300,000. The property has a total area of 13,755 square feet, resulting in a price per square foot of $604. The sale was facilitated by Mendel Fellig, a broker representing the buyer or seller in the transaction.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,300,000
- Address: 5226 N Bay Road
- Market: Miami Beach
- Broker: Mendel Fellig
- Square Footage: 13,755
- Price per Square Foot: $604
The deal involved the participation of Mendel Fellig, a broker from an undisclosed agency. Fellig played a key role in facilitating the successful sale of the property on behalf of their client.
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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93