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Limestone Asset Management Sells SFR In Miami To Compass For $5.5M

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SOLD
$5,500,000

Florida

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Single Family Residence4,480 SF
Sold 09/07/2023
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Property Image
SOLD

Limestone Asset Management Sells SFR In Miami To Compass For $5.5M

531 NE 52nd St, Miami, FL 33137

See Similar Deals
Single Family Residence4,480 SF
Sold 09/07/2023
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,227
Total Square Footage:4,480 SF
Transaction Type:Sale

A single-family residential property located at 531 NE 52 Street in Miami has been sold. The property, spanning 4,480 square feet, was sold for a price of $5,500,000. The transaction was facilitated by Limestone Asset Management, the seller, and the buyer was represented by Anna Gold from Compass.

Summary of Transaction Details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $5,500,000
  • Address: 531 NE 52 Street, Miami
  • Market: Miami
  • Square Footage: 4,480
  • Seller: Limestone Asset Management
  • Buyer's Representative: Anna Gold - Compass
  • Seller's Representatives: Brandon Brugal and Uccio Zecchini - BZG International

Brandon Brugal and Uccio Zecchini from BZG International played a crucial role as the seller's representatives in this transaction. The property, with a price per square foot of $1,228, offers a unique opportunity for the buyer to own a single-family residence in Miami's real estate market.

Players

Brandon Brugal
17 deals$47.3M volume(305) 491-5357
BROKER

Uccio Zecchini
BZG International
11 deals$25.4M volume(305) 796-2271
BROKER

Anna Grigoryan-Gold
Compass
1 deal$5.5M volume(917) 242-0461
BROKER

Limestone Asset Management
SELLER

Details

SOLD
IMAGE: Uccio Zecchini, Anna Gold, Brandon Brugal & Ibrahim Al-Rashid DATE: 09/07/2023 ADDRESS: 531 NE 52 Street MARKET: Miami ASSET TYPE: SFR SELLER: Limestone Asset Management BUYER'S REP: Anna Gold (@Annaggold) - Compass (@Compass) (@CompassFl) (@DeLeon.Group) SELLER'S REP: Brandon Brugal (@Brandon_Brugal) & Uccio Zecchini (@Uzeta_22) - BZG International (@BZGInternational) ASKING PRICE: $5,850,000 SALE PRICE: $5,500,000 SF: 4,480 ~ PPSF: $1,228

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

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
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